Comments by Ifo chief economist, Klaus Wohlrabe, following the report earlier

  • Domestic economy was main contributor to stabilisation in sentiment
  • Can't see any euphoria in the export sector

The report can be found here. A little early to call an end to the downwards trend after just one month of stall in the decline of the headline reading - not even a rebound. But as per the usual, European officials continuing to play down any softness in the economy.

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