German IFO Economist: Industrial sector is dragging down economy

Following the release of downbeat German IFO business survey, the IFO Economist offers his afterthoughts on the data release.

Business climate index points to economic growth being weaker than 0.8pct forecast.

The industrial sector is dragging down the economy.

Domestic economy remains an important pillar of support.

Brexit decision delay did not help the German business climate.