German IFO business climate unexpectedly improves in July
|The headline German Ifo business climate surprised to the upside for the second straight month, coming in at 116.0 points in July versus 115.2 (revised higher) recorded last month and expectations of 114.9. Meanwhile, the current economic assessment also improved to 125.4 points in the reported month, as compared to last month's 124.2 and 123.8 anticipated.
The Ifo Expectations Index – indicating firms’ projections for the next six months also surprised markets to the upside, arriving at 107.3 in June versus expectations to 106.5 and 106.8 seen last.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.