IFO Current Economic Assessment for Germany dropped to 93.9 this month.The headline German IFO Business Climate Index advanced to 91.1 in February versus the previous reading of 90.2 and the forecast of 91.4.
The IFO Expectations Index – indicating firms’ projections for the next six months, increased to 88.5 in February from the previous month’s 86.4 and against the estimates of 88.3. is weighed down by the mixed German IFO survey. At the time of writing, the pair is trading at 1.0636, down 0.08% on the day.
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