October 2018 German IFO business climate index 25 October 2018
- Prior 103.7
- Current conditions 105.9 vs 106.0 exp. Prior 106.4. Revised to 106.6
- Expectations 99.8 vs 100.3 exp. Prior 101.1. Revised to 100.9
Lower all round.
- Firms were less satisfied with their current business situation and less optimistic about the months ahead
- Growing global uncertainty is increasingly taking its toll on the German economy