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German IFO Business Climate Index eases to 84.3 in October

Adel 25 October, 2022 1:25 pm Market Update

The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3.

Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected.

The IFO Expectations Index – indicating firms’ projections for the next six months, rose to 75.6 in October from the last month’s 75.3 and against the estimates of 75.0.

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