April 2018 German IFO business climate survey 24 April 2018

  • Prior 114.7. Revised to 103.3
  • Current conditions 105.7 vs 106.0 exp. Prior 125.9. Revised to 106.6
  • Expectations 98.7 vs 99.5 exp. Prior 104.4. Revised to 100.00

Very big revisions lower.

IFO comments;

  • We do not see April survey data as a change in trend for the German economy
  • 5th drop in a row is a sign of normalisation (Eh?)
  • We are far from a recession
  • Sees Q1 growth at 0.4% vs 0.6% in Q4

Ryan Littlestone

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

Read how Ryan got into trading here
Ryan Littlestone

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