RTTNews - Monday, a survey conducted by the Munich-based Ifo Institute for Economic Research showed that German business confidence improved to 84.2 in May from 83.7 in April. But the indicator stood below the expected reading of 85.

Meanwhile, current assessment unexpectedly fell to 82.5 from a revised reading of 83.5 in April. Economists were looking for a reading of 84.5.

The expectations index stood at 85.9 in May, up from 83.9 in April. The expected reading was 85.4.

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