German IFO’s Economist: Economy is picking up speed

Following the release of the final German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “economy is picking up speed.”

Additional quotes

No revisions to May indices.

Conditions in retail have improved by more than any time since German reunification in 1990.

Situation in hospitality is still bad but optimism is growing.

Exports expectations have risen.

Bottlenecks in industry are still big.