- Prior 86.7
- Current assessment 86.4 vs. 85.4 expected
- Prior 85.7
- Expectations 87.4 vs. 85.0 expected
- Prior 87.7
These are certainly better figures than feared given the trade uncertainty. It shouldn't be a surprise though given that the German PMIs showed the same yesterday and they are correlated with the IFO.
German IFO
