German business sentiment improved slightly in April

Business sentiment in Germany rose slightly in April, a survey showed on Monday, supported by improved business expectations, adding to positive indicators as Europe’s largest economy hopes to avoid a recession in the winter months.

The Ifo Institute stated that its business climate index read 93.6, after a revised reading for March of 93.2.

The increase was less than what analysts had expected in a Reuters poll, at 94.0.

“German companies’ concerns are easing, but the economy still lacks dynamism,” said Clemens Fuest, head of Ifo.