- Analytics
- News and Tools
- Market News
- German IFO data on Business Climate, Current Assessment and Expectations better-than-expected
German IFO data on Business Climate, Current Assessment and Expectations better-than-expected
Today a set of data on Business Climate, Current Assessment and Expectations coming from the German Institut für Wirtschaftsforschung, a research institute, was released at 09:00 GMT. German Business Climate in January improved to the highest in 6 months beating expectations. The Index added 1.7 points from a previous reading of 105.5 to 106.7. Economists expected an increase to 106.2. The solid data eases concerns over the health of Eurozone's biggest and most important economy.
The Current Assessment index improved to 111.7, 1.1 points above expectations of 110.6 points and a previous reading of 110.0.
IFO-Expectations reflecting attitudes toward business prospects improved to 102.0 - missing forecasts of 106.2.
The German DAX 30 is trading close to an all-time high hit on Friday.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
