German IFO Business Climate Index ticks higher to 88.6 in December

The headline German IFO Business Climate Index climbed to 88.6 in December versus the previous reading of 86.3 and the forecast of 87.2.

Meanwhile, the Current Economic Assessment improved to 94.4 points in the reported month as against November’s 93.1 and 93.5 expected.

The IFO Expectations Index – indicating firms’ projections for the next six months, rose to 83.2 in December from the previous month’s 80.0 and against the estimates of 82.0.