German Ifo Business Climate

German Ifo Business Climate

German Ifo Business Climate is a key macroeconomic indicator that helps traders to identify whether country’s economic growth is picking up, stagnating or declining. A strong headline showing positive businesses sentiment in relation to German economic perspectives contributes to the euro’s appreciation.

 

Last month Ifo Business Climate reached the highest level since August 2011 having risen from 109.9 to 111.0. The upbeat figures point to the revival of Germany’s economic growth. This trend can be confirmed in the upcoming release. And it would be supportive for the euro. The market’s reaction could be muted, though, because of the political concerns surrounding French presidential election. 

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