Germany: IFO – Business Climate down to 109.7 in June

FXStreet (Łódź) - According to data published on Tuesday by the CESifo Group, German IFO – Business Climate decreased from 110.4 in May to 109.7 in June. Market consensus pointed to less decline to 110.2.

IFO – Current Assessment remained unchanged at 114.8 in June, against forecasts of rising to 115.0. IFO – Expectations fell to 104.8 from 106.2, below expectations of sliding to 105.9.