The confidence of industrial businesses is decreasing more rapidly in Germany than in the EU

In May the confidence of industrial businesses in Germany decreased significantly compared to the same month last year, down from 12.1 to -5.4.

In the same time, EU countries industrial businesses confidence have decreased significantly, down from 6.7 to -3.6 on average.

Germany now has the sixth lowest confidence of industrial businesses in the EU compared to the other 28 countries. Ireland has the highest confidence of industrial businesses (19.8 points), while Luxembourg ranks last (-19.3 points).

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