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26.01.2015 16:15

German IFO data on Business Climate, Current Assessment and Expectations better-than-expected

Today a set of data on Business Climate, Current Assessment and Expectations coming from the German Institut für Wirtschaftsforschung, a research institute, was released at 09:00 GMT. German Business Climate in January improved to the highest in 6 months beating expectations. The Index added 1.7 points from a previous reading of 105.5 to 106.7. Economists expected an increase to 106.2. The solid data eases concerns over the health of Eurozone's biggest and most important economy.

The Current Assessment index improved to 111.7, 1.1 points above expectations of 110.6 points and a previous reading of 110.0.

IFO-Expectations reflecting attitudes toward business prospects improved to 102.0 - missing forecasts of 106.2.

The German DAX 30 is trading close to an all-time high hit on Friday.

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