- Before 87.8; revised to 87.9
- Current conditions 88.9 vs. 88.7 expected
- Before 88.1; revised to
- Expectations 89.9 versus 88.7 expected
- Before 87.5; revised to 87.7
This is a general observation, reaffirming at least a certain improvement in German business morale. Current conditions and expectations have also improved, consolidating better sentiment in April. This doesn’t change much for the overall outlook for the German economy, at least not yet. As for the ECB, a rate cut in June remains more or less obvious in any case.
This article was written by Justin Low at www.forexlive.com.
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