German IFO Business Climate drops to 87.3 in July vs. 88.0 expected Germany EconomicIndicator EURUSD Sentiment
IFO Current Economic Assessment fell to 91.3 this month.The headline German IFO Business Climate Index declined to 87.3 in July versus last month's 88.6 and the consensusMeanwhile, the Current Economic Assessment arrived at 91.3 points in the reported month, compared with June’s 93.7 and 93.0 anticipated.
The IFO Expectations Index – indicating firms’ projections for the next six months, fell to 83.5 in July from the previous month’s 83.8 reading. The data surpassed market expectations of 83.0.EUR/USD is paring back gains on the mixed German IFO survey. At the time of writing, the pair is up 0.05% on the day, trading at 1.1065.
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