- The German IFO Business Climate Index stood at 96.6 in March.
- IFO’s current economic assessment index stood at 93.0 this month.
- The German IFO expectations index for March reached 100.4 points.
The IFO’s general business climate index for Germany continued to improve, reaching 96.6 points in March from 92.7 the previous month and beating estimates of 93.2 by a wide margin.
Meanwhile, the the current economic evaluation index reached 93.0 points in the reported month, compared to 90.6 in the previous month and the 91.3 expected.
The IFO expectations index, which indicates companies’ projections for the next six months, rose to 100.4 in March from 94.2 points the previous month and better than market expectations of 95.2.
About the German IFO index
This index published by the Ifo institute is watched closely as a leading indicator of current conditions and expectations about business 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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