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

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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