German Credit Conditions Tightened in May, Ifo Survey Shows

German credit conditions tightened in May after easing for four straight months, the Ifo research institute said, citing a survey.

The share of companies that consider banks’ credit policies to be restrictive increased to 19.6 percent in May, a 0.1 percent rise from a month earlier, Munich-based Ifo said in a e- mailed statement today.

Still, credit conditions remain very favorable and the German economy continues to have access to cheap credit, Ifo said.

The research institute surveyed about 4,000 companies for its monthly report.

To contact the reporter on this story: Joseph de Weck in Frankfurt at jdeweck@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net