Ifo
  • Prior 91.1
  • Expectations 91.2 vs 88.3 expected
  • Prior 88.5; revised to 88.4
  • Current conditions 95.4 vs 94.1 expected
  • Prior 93.9

The Ifo index shows a decent improvement in March, with business conditions seen improving despite the banking turmoil. A recession looks less and less likely now for the German economy and that in itself is arguably helping to lift sentiment.