German economy in Q3 will be weaker than prior quarters says IFO

Comments from the IFO following the business climate numbers for September 2017

• Business climate 115.2 vs 116.0 exp. Prior 115.9
• Current conditions 123.6 vs 124.8 exp. Prior 124.6. Revised to 124.7
• Expectations 107.4 vs 107.9 exp. Prior 107.9. revised to 107.8

IFO comments on this and the election;

• German Q3 GDP will be somewhat weaker than in first 2 quarters but will have very good year
• There are no indications of change of course for German economy
• We cannot rule out another election

German IFO Sep 2017

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