- The German IFO business climate index stood at 92.1 points in December.
- IFO’s current economic assessment stood at 91.3 this month.
- The German IFO expectations index for December reached 92.8.
He German IFO general business climate index reached 92.1 points in December, stronger than last month’s 90.7 and beating estimates that pointed to a reading of 90.0.
Meanwhile, the current economic evaluation reached 91.3 points in the reported month compared to 90.0 the previous month and 89.0 expected.
On the other hand, the IFO expectations index, which indicates the companies’ projections for the next six months, rose to 92.8 for December from the previous month’s reading of 91.5 and worse than market expectations of 92.5.
About the German IFO
This index published by the IFO institute is watched closely as a leading indicator of current conditions and business expectations in the Eurozone. The institute surveys more than 7,000 companies about their evaluation of the business environment and their short-term plans. A reading above the market consensus will increase demand for the euro.
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