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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