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
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