Germany’s July ifo Business Climate Index 87.3 (expected 88.0; last 88.6). July Current Assessment 91.3 (expected 93.0; last 93.7) and Business Expectations 83.5 (expected 83.4; last 83.8)
Economists from Germany’s ifo Institute see a rising chance of another quarter of contraction, adding that it would be reasonable for the ECB to pause its hiking cycle.