GERMAN IFO BUSINESS CLIMATE INDEX PLUNGES TO 88.6 IN JULY VS. 90.5 EXPECTED
- German IFO Business Climate Index came in at 88.6 in July.
- IFO Current Economic Assessment for Germany dropped to 97.7 this month.
- July German IFO Expectations Index arrived at 80.3, misses estimates.
The headline German IFO Business Climate Index plunged to 88.6 in July versus last month’s 92.3 and the consensus estimates of 90.5.
more to come …
About German IFO
The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.