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IFO business climate worsens to 97.7 points in October from 97.9 expected

  • The German IFO business climate index reached 97.7 in October.
  • IFO’s current economic assessment rose to 100.1 this month.
  • The IFO expectations index decreased to 95.4, below estimates.

The index of German IFO business climate fell further to 97.7 points in October compared to 98.9 last month and estimates that pointed to 97.9.

Meanwhile, the current economic evaluation index reached 100.1 points in the reported month, compared to 100.4 in the previous month and 99.4 expected.

The IFO expectations index , which indicates the projections of the companies for the next six months, fell to 95.4 points in October, below the previous month’s reading of 97.4 and worse than market expectations of 96.4.

About IFO German

This index published by the Ifo institute is watched closely as a leading indicator of current conditions and business expectations in the Eurozone. The institute surveys more than 7,000 companies about their evaluation of the business environment and their short-term plans. A reading above the market consensus will increase demand for the euro.

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