IFO Indicator of Business Climate for May is due at 10:00 (GMT+2). The index is based on a survey of managers of 7 thousand manufacturing enterprises, the construction sector, wholesale and retail trade. At the same time, an assessment of the current business situation and expectations for the next 6 months is carried out. It is expected that the indicator will decrease from 91.8 to 91.4 points. The implementation of the forecast can put pressure on EUR.
