German Feb IFO: Surprises positively across all indicators

Dhwani Mehta FXStreet

The headline German Ifo business climate surprised markets to the upside, coming in at 111 points in Feb versus 109.8 booked in Jan and 109.6 expectations. While the current economic assessment also improved dramatically to 118.4 points in the reported month, as compared to 116.9 seen last month and 116.7 estimates.

Further, the Ifo Expectations Index – indicating firms’ projections for the next six months – also surprised positively and jumped to 104 in Feb versus expectations of a drop to 103.0 figure and 103.2 seen last.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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