Eurozone: German IFO business climate worse than estimates at 95.9
January 27, 2020 at 04:02 am EST
The consensus counted on 97.1. The previous publication was 96.3.
This monthly indicator published by the IFO economic institute based in Frankfurt defines - via a survey of 7,000 entrepreneurs - the level of confidence in the German economy. This index has a great influence on the Euro currency because it highlights the German economic dynamism and investment levels for the next 6 months. A low figure could negatively impact the euro since Germany accounts for almost one third of GNP in the Eurozone.
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