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German business morale deteriorates further in Feb - Ifo

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 23, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The headline Ifo Business Climate Index dropped to 105.7 in Feb, compared to 107.3 booked in January and below expectations of a 106.8 reading. The index fell to the lowest level since December last year.

    Meanwhile, the Current Assessment sub-index, surprised markets on the upside, rising to 112.9, up from 112.5 in January, beating projections that had bet on a fall to 112.0.

    Further, the Ifo Expectations Index - indicating firms' projections for the next six months - booked 98.8, from 102.4 in January, after estimates had projected a reading of 101.6 and came in at the weakest level since November 2014.
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