Germany June Ifo business climate index 88.6 vs 89.7 expected

• Prior 89.3
• Current conditions 88.3 vs 88.5 expected
• Prior 88.3
• Expectations 89.0 vs 91.0 expected
• Prior 90.4; revised to 90.3

Slight delay in the release by the source. The German business climate declined in June, missing on estimates in all three readings. That’s not a good sign on how economic sentiment is holding up towards the end of Q2. And that is arguably not helped by the recent political woes in the region.

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