Germany IFO August business climate 115.9 vs 115.5 exp

Germany IFO August report now out 25 Aug

  • 116.00 prev
  • expectations 107.9 vs 106.8 vs 107.3 prev
  • current assessment 124.6 vs 125.00 exp vs 125.4

Generally upbeat report sees EURUSD still around 1.1785 and EURGBP 0.9203 with EURJPY also steady at 129.26

IFO still noting a fall in German business morale though plus:

  • retail index down due to emissions scandal hitting car retailers
  • drop in current conditions index is a small drop from a high level
  • uncertainty has diminished in business expectations
  • see no overheating of German economy
  • German businesses are getting used to Trump’s politics

                                               German IFO business climate mm

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