Let`s have a look at the ifo Index (most important German economic barometer). For the month of February it stands at 96.1 points. The forecast was 95.3; previous month was 95.9.
The current assessment of the situation is 98.9 (forecast was 98.6; previous month was 99.1).
Business expectations are at 93.4 (forecast was 92.2; previous month was 92.9).
German economy seems to be unimpressed by the coronvirus development (FMN: that should have changed now!). We currently expect economic growth of +0.2% in the first quarter. The mood in the trade and the construction area has deterioated although .