German May IFO: A big beat across all indicators
|The headline German Ifo business climate rose beyond expectations, coming in at 114.6 points in May versus 113 recorded last month and expectations of 113.1. Meanwhile, the current economic assessment also improved to 123.2 points in the reported month, as compared to last month's 121.4 (revised higher from 121.1 reported earlier) and 121.2 anticipated.
The Ifo Expectations Index – indicating firms’ projections for the next six months bettered expectations, arriving at 106.5 in May versus expectations to 105.4 and 105.2 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.