Ifo: Business Climate in Residential Construction Improves
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2 Articles
The mood in housing continued to brighten in May. The business climate determined monthly by the Ifo Institute rose from minus 37.2 to minus 31.5 points. However, the order situation remains a child of worry.
Sentiment in the residential construction sector continued to brighten in May. The Ifo business climate index rose from -37.2 to -31.5 points, the Munich-based institute announced on Friday. Both the current situation and companies' expectations improved noticeably. "Residential construction companies are cautiously hopeful," said Klaus Wohlrabe, head of Ifo surveys. "Although the mood is brightening, the road back to normality is still long." H…
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