• Prior -61.4
  • Outlook 16.9 vs -15.0 expected
  • Prior -23.3

The standout data in the report here is that the outlook for the German economy has improved drastically into positive territory – the first time since February last year. This comes after a less harsh winter (helping with the energy situation) and as inflation pressures are showing signs of abating in recent months, being cause for economic optimism.

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