• 105.7 prev
  • current conditions 109.4 vs 109.6 exp 110.00 prev
  • expectations 102.5 vs 102 exp 101.6 prev

Nothing of note here. EURUSD 1.3106 after a quick rally to 1.3114 prior to release


  • IFO economist Wohlrabe says improved outlook driven by export expectations
  • auto industry main contributor
  • negative and positive effects of floods on GDP to be seen in coming quarters
  • no clear trend for retail and wholesale sectors but stable
  • real economy yet to see the impact of latest ECB and Fed policies