German Ifo business climate index rose in July amid weakening Brexit risks

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25 July 2016

German Ifo business climate index rose in July amid weakening Brexit risks

The German Ifo business climate index rose to 108.3 from 108.7 the previous months. Current assessment registered 114.7 points vs 114.0 forecasts. The previous value was revised higher to 114.60 from 114.5. Expectations rose to 102.2 vs 101.6 forecasts. IFO president Fuest said that German economy remains resilient but automotive sector reported pessimistic expectations.

Review of financial and economic press: a way out of the EU can be decided by the end of the year

Germany: IFO - Current Assessment , July 114.7 (forecast 114)

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