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Germany June Ifo business climate index 88.4 vs 90.7 expected

Germany June Ifo business climate index 88.4 vs 90.7 expected
Prior 91.7; revised to 91.5Current conditions 93.7 vs 93.5 expectedPrior 94.8Outlook 83.6 vs 88.0 expectedPrior 88.6; revised to 88.3It's softer readings across the board as compared to May and that reflects worsening conditions in the German economy towards the end of Q2. This was also reflected in the PMI data at the end of last week, and feeds further to stronger recession risks as we move towards the second half of the year. This article was written by Justin Low at www.fore... Read More
Posted: Jun 26 2023, 08:00
Author Name: forexlive
Views: 110651

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