German March IFO: Upbeat across all indicators

Dhwani Mehta FXStreet

The headline German Ifo business climate surprised markets to the upside, coming in at 112.3 points in March versus 111.0 seen last month and expectations of no change. While the current economic assessment also improved dramatically to 119.3 points in the reported month, as compared to 118.4 seen last month and 118.3 estimates.

Further, the Ifo Expectations Index – indicating firms’ projections for the next six months – also rose above expectations to 105.7 in March versus expectations of a 104.3 figure and 104.2 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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