IFO Current Economic Assessment fell to 89.0 this month.The headline German IFO Business Climate Index dropped further to 85.7 in August versus last month's 87.4 and the market Meanwhile, the Current Economic Assessment Index fell to 89.0 points in the reported month, compared with July’s 91.4 and 90.0 anticipated.
The IFO Expectations Index – indicating firms’ projections for the next six months, declined to 82.6 in August from the previous month’s 83.6 reading. The data fell short of market expectations of 83.8.EUR/USD is holding lower ground on the downbeat German IFO survey. At the time of writing, the pair is down 0.35% on the day, trading at 1.0770.
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