Germany February Ifo business climate index 85.2 vs 85.8 expected

• Prior 85.1; revised to 85.2
• Current conditions 85.0 vs 86.3 expected
• Prior 86.1; revised to 86.0
• Expectations 85.4 vs 85.0 expected
• Prior 84.2; revised to 84.3

Sentiment among German companies didn’t see any change in the past month, following a slight revision to the January reading. The good news at least is that expectations rose, signaling more optimism on the economic outlook. As for current conditions, that fell and suggests a tougher mood on the ground to start the new year. All of this is yet to capture any post-election cheer though, so there’s that to consider for the next report in March.

This article was written by Justin Low at www.forexlive.com.