Thursday, January 25, 2007

Forex News: 25.01.2007 Ifo business climate index in Germany is down again in January

Although the analysts were positive about Ifo data in Germany and expected its growth to 109.0 points, Ifo business climate index was down again in January and amounted to 107.9 points. In December the index was 108.7 points.

Ifo business climate index is estimated on the survey of 7000 companies, who express their opinion toward the current economic situation as well as the expectations of the nearest future.

It is important to note that, Ifo component, reflecting current situation in Germany droped abruptly in January and was 112.8 points, againts 115.3 points in the preceding month. The index of economic expectations rose by 103.2 points from 102.5 points in December.


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