Seattle has fallen to 13th place in a new ranking of US cities for attracting foreign businesses and investment, a significant drop from its second-place position last year. The ranking, compiled by the Financial Times and Nikkei, cited concerns over the city's 'perceived' anti-business image and economic policies.
Germany's ifo Business Climate Index rose to 84.9 in May from 84.5, surprising economists. Firms in manufacturing, services, and trade are more optimistic, though construction confidence dipped. The economy grew 0.3% in Q1, aided by exports, but remains fragile amid energy costs and geopolitical uncertainty.
The Ifo Business Climate Index rose to 84.9 points in May from 84.5 in April, defying expectations of a decline. While companies are slightly more satisfied with current business, the overall economic situation remains fragile, with stagnation expected for Q2 and 0.6% growth for the year.
The Ifo Business Climate Index rose by 0.4 points to 84.9 in May, indicating a slight recovery in the German economy after previous declines. The improvement was driven by the services sector, surprising analysts who expected a further drop.
The Ifo Business Climate Index for Germany rose to 84.9 points in May, surprising economists. Despite ongoing challenges from the Iran conflict, German companies are adapting to the difficult situation, showing slightly improved current business satisfaction and less pessimism for the coming months. However, the Bundesbank anticipates continued inflation and stagnant GDP in spring.
