Tuesday, December 19, 2006

Forex News: 19.12.2006 German IFO business climate index rises in December

Business sentiment in Germany has brightened substantially in December from November, against the analysts forecasts which advanced a flat performance of this indicator.

The Ifo indicator has risen to 108.7 points in December from 106.8 in November when the experts expected a reading around 106.8.

The current conditions sub-index has increased to 115.3 points from 113.9 in November, and the business expectations index has risen to 102.5 points from 100.2 points in November.


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