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Monday, June 21, 2021

Germany May Ifo business climate index 99.2 vs 98.0 expected

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Latest data released by Ifo – 25 May 2021

  • Prior 96.8; revised to 96.6
  • Current assessment 95.7 vs 95.5 expected
  • Prior 94.1; revised to 94.2
  • Expectations 102.9 vs 101.0 expected
  • Prior 99.5; revised to 99.2

Slight delay in the release by the source. A solid beat on the headline and expectations reading as this largely reaffirms the more optimistic sentiment surrounding the German economy as we look towards 2H 2021 in particular.



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