German July IFO business climate 101.7 vs 101.5 expected

German July IFO indicators on 25.07.2018

• prior 101.8
• Current assessment 105.3 vs 104.9 exp, prior 105.1, revised to 105.2
• Business expectations 98.2 vs 98.3 exp, prior 98.6, revised to 98.5

Not a big mover on the latest reports but it’s not to bad considering lower trade fears on tariffs and Brexit.

Comments from the IFO economists :
– Maintains German 2018 GDP growth forecast at 1.8%
– Construction sector is booming with sentiment at strongest level since unification
– Export expectations rose for the 1st time in 7 months
– US trade policy and recent German govt crisis increased uncertainty among business

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K-man

Fundamentalist market maker, turned all round market taker.
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