German IFO Business Climate drops to 96.5 in Nov vs. 96.6 expected

• German IFO Business Climate Index came in at 96.5 in November.
• IFO Current Economic Assessment fell to 99.0 this month.
• November German IFO Expectations Index arrived at 94.2, a miss.

The headline German IFO Business Climate Index worsened to 96.5 in November versus last month's 97.7 and the consensus estimates of 96.6.

more to come ...

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.