Latest data released by Ifo - 22 February 2019

Germany Ifo
  • Prior 99.1; revised to 99.3
  • Expectations 93.8 vs 94.3 expected
  • Prior 94.2; revised to 94.3
  • Current assessment 103.4 vs 103.9 expected
  • Prior 104.3; revised to 104.5

Slight delay in the release by the source. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.

Economic sentiment continues to dwindle and that's reflective of the dark rain clouds that have been hanging over the German economy since last year. Not a major release by any means but this will continue to underscore weaker sentiment towards the Eurozone economy as a whole, and in turn the euro.