German Ifo business climate deteriorates in December, misses expectations

The headline German Ifo business climate unexpectedly deteriorated in December, coming in at 117.2 points versus last month's 117.6 (revised higher from 117.5) and expectations of 117.5. Meanwhile, the current economic assessment bettered estimates, arriving at 125.4 points in the reported month, as compared to last month's 124.5 and 124.7 anticipated.

The Ifo Expectations Index – indicating firms’ projections for the next six months missed expectations, arriving at 109.5 in December versus expectations of 110.7 and 111.0 recorded in Nov.

The headline German Ifo business climate unexpectedly deteriorated in December, coming in at 117.2 points versus last month's 117.6 (revised higher from 117.5) and expectations of 117.5. Meanwhile, the current economic assessment bettered estimates, arriving at 125.4 points in the reported month, as compared to last month's 124.5 and 124.7 anticipated.

The Ifo Expectations Index – indicating firms’ projections for the next six months missed expectations, arriving at 109.5 in December versus expectations of 110.7 and 111.0 recorded in Nov.