Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
The most recent announced value for IFO – Business Climate was 86.5 against a forecast of 85.6.
Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next IFO – Business Climate result:
Previous | Latest | ||||
---|---|---|---|---|---|
GfK Consumer Confidence Survey | Bullish change | -21 | -18.3 | ||
IFO – Current Assessment | Bullish change | 84.4 | 85.7 | ||
IFO – Expectations | Bullish change | 86.4 | 87.3 | ||
HCOB Composite PMI | Bullish change | 49.6 | 49.7 | ||
HCOB Manufacturing PMI | Bullish change | 45 | 45.9 | ||
HCOB Services PMI | Bearish change | 51.4 | 51.2 | ||
HCOB Composite PMI | Bullish change | 47.5 | 48.4 | ||
HCOB Manufacturing PMI | Bullish change | 40.6 | 42.6 | ||
HCOB Services PMI | Bullish change | 50.6 | 51.4 | ||
HCOB Composite PMI | Bearish change | 48.6 | 47.3 | ||
HCOB Manufacturing PMI | Bearish change | 44.6 | 44.5 | ||
HCOB Services PMI | Bearish change | 49.6 | 48.3 | ||
Consumer Confidence | Bullish change | -12.9 | -12.5 | ||
Producer Price Index (MoM) | Bearish change | 0.2% | -0.5% | ||
Producer Price Index (YoY) | Bearish change | -0.8% | -1.4% | ||
Core Harmonized Index of Consumer Prices (MoM) | (no change) | 0.1% | 0.1% | ||
Core Harmonized Index of Consumer Prices (YoY) | (no change) | 2.7% | 2.7% | ||
Harmonized Index of Consumer Prices (MoM) | (no change) | -0.1% | -0.1% | ||
Consumer Price Index (EU Norm) (YoY) | Bearish change | 0.8% | 0.7% | ||
Consumer Price Index (YoY) | (no change) | 0.7% | 0.7% |
Country: | Germany |
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Currency: | EUR |
Source: | IFO Institute |
Category: | Economic Activity |
Frequency: | Monthly |