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German IFO Business Climate Index Misses Estimates

Adel 26 October, 2020 2:12 pm Market Update

The headline German IFO Business Climate Index came in at 92.7 in October, weaker than last month’s 93.2 while missing the consensus estimates pointing to a reading of 93.0.

On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months, came in at 95.0 for October, up from the previous month’s 97.4 reading and worse than the market expectations of 96.5.

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