Current: ifo Business Climate Index weaker

At 115.4, the ifo business climate index (Germanys most important economic Indicator) was weaker than expected (forecast was 117.1; the previous month was 117.6).

The assessment of the current situation is 126.3 (forecast was 127.0; previous month 127.7)

Business expectations are 105.4 (prognosis was 107.9; previous month was 108.4).

Basically, the ifo Index is the only economic indicator from Germany that attracts worldwide attention because it is here that business leaders are interviewed who have their ear to the pulse of the German economy.

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