FXstreet.com (Barcelona) - Business Climate seems to have improved in Germany in may, as tie Ifo Business Climate Index has posted a larger than expected improvement, same accounts for the expectations index, according to data released by the Ifo Institute.

The Ifo Business Climate Index has improved to a level of 103.5 points in May, from 102.4 in April, instead of the slight decline to 102.0 expected by the analysts. The economic outlook for the next months has also brightened somewhat, as the Ifo Expectations index has risen to 97.3 points in May from 96.8 in April.