Ifo remarks based on their latest production index in June
The index rose from -19.5 in May to +4.3 in June, marking its second biggest increase with industrial firms in Germany stating that they expect a further increase in production over the next three months.
That is a bit of a positive takeaway at least. Do note that the German industrial output figures for May are due at the top of the hour and should show a decent rebound from April but overall conditions should remain more subdued relative to a year ago.
