- Analytics
- News and Tools
- Market News
- Germany: IFO Business Business Climate Index improves to 93.3 in March vs. 90.9 expected
Germany: IFO Business Business Climate Index improves to 93.3 in March vs. 90.9 expected
- German IFO Business Climate Index came in above market consensus in March.
- EUR/USD continues to fluctuate in daily range at around 1.0750.
The headline German IFO Business Climate Index rose to 93.3 in March versus the previous reading of 91.1 and the forecast of 90.9.
Meanwhile, the Current Economic Assessment Index edged higher to 95.4 from 93.9 and surpassed the market expectation of 94.1.
Finally, the IFO Expectations Index – indicating firms’ projections for the next six months, improved to 91.2 to in March from the previous month’s 88.4 and against the estimates of 88.0.
Market reaction
EUR/USD pair showed no immediate reaction to these figures and was last seen trading at 1.0760, where it was virtually unchanged on a daily basis.
© 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
