Latest data released by Ifo - 25 October 2019
- Prior 94.6
- Expectations 91.5 vs 91.0 expected
- Prior 90.8; revised to 90.9
- Current assessment 97.8 vs 98.0 expected
- Prior 98.5; revised to 98.6
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.
The headline reading remains unchanged from September but the good news is that there is a slight improvement to the outlook. That said, it still isn't really a notable rebound and just reaffirms stagnating/struggling conditions in Germany.
EUR/USD inched a little higher to 1.1118 but is still trapped within a 17 pips range only in the trading day so far.
