Latest data released by Ifo – 23 May 2019
- Prior 99.2
- Expectations 95.3 vs 95.0 expected
- Prior 95.2
- Current assessment 100.6 vs 103.5 expected
- Prior 103.3
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.
The drop in the headline reading sees it fall to the weakest since November 2014 as business sentiment towards the German economy continues to weaken. The outlook improved slightly but it isn’t an area of confidence given that trade tensions and potential auto tariffs are still issues to worry about looking forward.