IFO index misses estimates, shows German economy steady; euro unmoved
Posted on April 25, 2016 at 10:09 am GMTThe release of the German IFO business confidence index for April was the main economic news piece of the European session. There was a slight drop in the current conditions index, but a rise in the business expectations component. Taken together, this resulted in a slight drop of the headline business climate index, as the drop in current conditions was a little more serious than the rise in expectations. Following a significant drop in expectations during January and February – [..]