Germany: IFO – Business Climate drops a notch lower than expected in September

FXStreet (Łódź) - According to data published on Wednesday by the CESifo Group, German IFO – Business Climate decreased from 106.3 in August to 104.7 in September. Market consensus pointed to an fall to 105.7.

IFO – Current Assessment dropped to 110.5 in September, from 111.1 the previous month, above forecasts of sliding to 110.2. IFO – Expectations declined to 99.3 from 101.7 and below expectations of dropping to 101.2.