May report from the German IFO 25 May 2016

  • 106.7 prev revised up from 106.6
  • current assessment 114.2 vs 113.3 vs 113.2 prev
  • expectations 106.6 vs 100.8 exp vs 105.6 prev revised up from 100.6

Impressive readings/revisions from the IFO sees euro a little better bid but kept on the back foot by renewed EURGBP selling

The German Ifo Business Climate Index rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers. The index is compiled by the Ifo Institute for Economic Research.