The headline German IFO Business Climate Index arrived at 86.6 in August, easing from the July figure of 87.0.
German IFO Business Climate Index beatsestimates 86.6 with in August. The IFO Current Economic Assessment Index eased to 86.5 in the reported month. The marketconsensuswas 86.5. Meanwhile, the Current Economic Assessment Index declined to 86.5 in the same period from 87.1 in July, matching the expected 86.5 print. The IFO Expectations Index – indicating firms’ projections for the next six months, dropped to 86.8 in August vs. 87.0in July and 86.5 expected.
Market reaction to the German IFO Survey EUR/USDfails to find any inspiration from the mixed German IFO survey. At the time of writing, the pair is trading 0.08% lower on the day at 1.1180, awaiting the US Durable Goods Orders data.
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