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German IFO Business Climate Index jumps to 87.8 in March vs. 86.0 expected

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The headline German IFO Business Climate Index arrived at 87.8 in March, higher than the February reading of 85.5, much above the market consensus of 86.0.

German IFO Business Climate Index beat estimates with 87.8 in March. IFO Current Economic Assessment improved to 87.5 in the reported month. The headline German IFO Business Climate Index arrived at 87.8 in March, higher than the February reading of 85.5, much above the marketconsensusof 86.0. Meanwhile, the Current Economic Assessment Index rose from 86.9 in February to 88.1 in the reported month, beating expectations of 86.8.

1 recorded in the previous month while surpassing the expected 84.7 figure. Market reaction to the German IFO Survey EUR/USDdefends the 1.0800 level on the upbeat German IFO survey. At the time of writing, the pair is trading 0.40% lower at 1.0815.

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