May Ifo
biz climate index

Median* 102.0
High forecast 103.0
Low forecast 100.0
Number of responses 15

Barclays Cap. 101.8
Action Economics 102.0
Commerzbank 100.0
Capital Economics 103.0
West LB 102.0
Credit Agricole na
JP Morgan 101.4
Nomura na
4Cast 101.9
Natixis 101.7
BNP Paribas 102.9
Unicredit 102.0
UBS 102.0
DZ Bank 102.8
Goldman Sachs 102.0
Citi 103.0
Soc. Generale 101.2

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* Median is based on above forecasts and is not intended to represent
a consensus.

The survey was conducted on Friday, May 14.

[TOPICS: M$XDS$,M$X$$$]