According to the report from Ifo Institute for Economic Research, the headline German IFO Business Climate Index came in at 94.6 in September, firmer than last month's 94.3 and beating the consensus estimates (94.4).

Meanwhile, the Current Economic Assessment arrived at 98.5 points in the reported month as compared to last month's 97.3 and 97.0 anticipated. The IFO Expectations Index – indicating firms’ projections for the next six months - came in at 90.8 for September, down from previous month’s 91.3 reading and missed market expectations of 91.8.