So, Current Conditions 112. The expectations component 103. 3 in august versus the reuters consensus of 103, so a little bit broader. Ifo has no revisions to the july indices. Lets get a breakdown on this. On the phone from munich, an expert at the Ifo Institute, helped to compile this story. Doctor, good to speak to you. Its been a while. Thanks for joining us this morning. Whats the key takeaway from what this survey says about the state of the German Economy . The strongest increase at this month in the manufacturing industry, and here particularly in the investment good sector, so it looks like that the upturn gets more momentum. How strong would you describe that momentum . Well, we had made the forecast for this year 0. 6, and i think this is something we could reach, so investment is always somewhat lagging behind, and this is now a positive sign that Companies Start investing more. This suggests that the data weve had, broadly speaking, which is improved, is sustainable. Is thi