Latest data released by Ifo - 24 April 2019
- Prior 99.6; revised to 99.7
- Expectations 95.2 vs 96.1 expected
- Prior 95.6
- Current assessment 103.3 vs 103.5 expected
- Prior 103.8; revised to 103.9
Slight delay in the release by the source. A measure of business conditions and sentiment/expectations towards the German economy. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.
A weaker reading across all data points here as Ifo notes that the German economy continues to lose steam in 2019. And the softer release here sends the euro falling on the day with EUR/USD slipping to a low of 1.1195 from 1.1210 earlier.
