- Prior 85.7; revised to 85.8
- Current conditions 89.2 vs 88.5 expected
- Prior 88.7
- Expectations 84.7 vs 83.3 expected
- Prior 82.9; revised to 83.1
Those are decent beats on estimates across the board for the latest Ifo business survey. However, business sentiment is just seen improving off recent lows and there is still a downbeat mood overall with regards to the German economy. With consumption activity still rooted to the ground, it’s hard to imagine a meaningful pick up before the year ends for businesses as well.