German IFO Business Climate Actual 91.1 (Forecast 91.2, Previous 90.2)
Expectations Actual 88.5 (Forecast 88.4, Previous 86.4)
Current Conditions Actual 93.9 (Forecast 95, Previous 94.1)
Commentary:
German economy will not get around recession but it will be mild.
45.4% of companies complained about supply chain bottlenecks in February (compared to 48.4% in January)
IFO Economist: Mood In Tourism Sector Has Improved Markedly, Also In Hospitality Sector