Following the publication of the German IFO business survey, the institute’s economist, Klaus Wohlrabe, stated that “lines of concern in the German economy are getting higher“.
Additional comments
The index has fallen significantly in industry and retail.
Expectations are more pessimistic.
Despite the increased uncertainty, at the moment there are no signs of recession.
The threat of gas shortages has increased the uncertainty of the companies.
Bottlenecks in industry have slightly improved, also in retail.
Price expectations have fallen slightly, but one in two companies expects increases in the next three months.
Export expectations have fallen slightly.
The mood of service providers, especially in the hospitality industry, has improved considerably.
Source: Fx Street
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