German IFO Business Climate Index improves to 86.3 in November vs. 85.0 expected

IFO Current Economic Assessment for Germany rose to 93.1 this month.The headline German IFO Business Climate Index climbed to 86.3 in November versus the previous reading of 84.5 and the market consensus of 85.0.

The IFO Expectations Index – indicating firms’ projections for the next six months, rose to 80.0 in November from the last month’s 75.9 and against the estimates of 77.0. shrugs off the upbeat German IFO survey. At the time of writing, the pair is trading at 1.0412, up 0.19% on the day.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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