• 107.9 prev

    • current assessment 113.9 vs 112.4 exp vs 112.1 prev revised upfrom 112.0
    • expectations 103.5 vs 104.5 exp vs 103.9
    Better headlines but expectations a bit of a reality check

IFO says:

  • latest figures support forecast from Spring
  • prospects for German economy remain very good
  • low euro exchange rate is compensating for sluggish growth in other parts of the world