German IFO business climate unexpectedly improves in July

Dhwani Mehta FXStreet

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.

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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