- The German IFO business climate index stood at 87.3 points in July.
- The current economic valuation of the IFO fell to 91.3 this month.
- The IFO index of expectations for July stood at 83.5, which is an improvement.
He German IFO business climate index fell to 87.3 points in Julycompared to 88.6 the previous month and the consensus forecast of 88.0.
For his part, the evaluation of the current economy stood at 91.3 points in the reported month, compared to the 93.7 in June and the 93.0 forecast.
He IFO expectations index, which indicates companies’ forecasts for the next six months, fell to 83.5 points in July, compared to 83.8 the previous month. The data exceeded market expectations, which placed it at 83.0.
About the German IFO
The overall IFO Business Climate Index was rebase and recalibrated in April after the IFO Research Institute changed the series from the 2000 base year to the 2005 base year starting in May 2011 and then changed the series to include the service sector starting in April 2018. The survey now includes 9,000 monthly responses from companies in the manufacturing, service, trade and construction sectors.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
