German IFO Business Climate Index Falls to 90.7 in November

The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates.

Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated.

On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months – came in at 91.5 for November, worse than a fall to 93.5 expected from the previous month’s 95.0 reading.