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But Hans-Werner Sinn, head of the Ifo economic research institute at Munich University, is much more upbeat.
BBC: German truck maker MAN cuts shifts
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Companies were feeling slightly happier about current conditions, but gloomier about longer-term prospects, Ifo president Hans-Werner Sinn said.
BBC: NEWS | Business | German confidence at two-year low
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Businesses in Germany "anticipate a clear revival in exports, " said Hans-Werner Sinn, president of the Ifo Institute for Economic Research at the University of Munich.
FORBES: Europe Markets Brief
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Mr Seehofer, for example, has distanced himself from her over the euro in a bid to appeal to his Bavarian base (one leading critical economist, Hans-Werner Sinn, runs the CES-ifo institute in Munich).
ECONOMIST: Germany��s government