Latest data released by Ifo - 19 March 2020

  • Prior 96.1; revised to 96.0
  • Expectations 82.0
  • Prior 93.4; revised to 93.2
  • Current assessment 93.8
  • Prior 98.9; revised to 99.0

Slight delay in the release by the source. That's a sharp fall in business morale and it represents the weakest headline reading since August 2009. This all comes as the coronavirus outbreak is taking a toll on the German and European economy.

That's not a good sign of business and economic sentiment and we may only be in the early stages of the outbreak across the European region.