Latest data released by Ifo - 27 August 2018
- Prior 101.7
- Expectations 101.2 vs 98.4 expected
- Prior 98.2
- Current assessment 106.4 vs 105.3 expected
- Prior 105.3; revised to 105.4
Slight delay in the release by the source. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
Notable beats across all readings from the headline to expectations and even the current assessment. That should give some added relief to investor sentiment towards the German economy. However, economic data don't lie and there still needs to be notable improvement in exports demand in order to return growth to levels originally forecast at the start of the year.
