Germany: IFO – Business Climate improves to 106.2 in July

FXstreet.com (Barcelona) - According to data published on Thursday by the CESifo Group, German IFO – Business Climate increased from 105.9 in June to 106.2 in July. Market consensus pointed to slightly less increase to 106.1.

IFO – Current Assessment grew to 110.1 in July, versus 109.4 the previous month, above forecasts of rising to 110.0. IFO – Expectations fell slightly to 102.4 from 102.5 and against expectations of remaining unchanged.