German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

Germany's flash Composite PMI fell to 48.3 in April, marking a second straight month of private-sector contraction as the Iran-Middle East conflict hammers services.

Hier finden Sie Informationen zu dem Thema „Trotz Iran-Krieg“. Lesen Sie jetzt „Ifo-Geschäftsklima verbessert sich überraschend“.