Ifo Business Survey in June 2007

In German industry and trade the business climate cooled off somewhat in June. In the assessments of the current business situation the positive appraisals were dominant but again somewhat less so than in the previous month, and also the business expectations showed signs of weakened confidence. Both components of the business climate remain at a high level, which indicates that the economic situation is currently robust and that the upturn should continue in the second half of the year.