Latest data released by Destatis - 18 December 2018
- Prior 102.0
- Expectations 97.3 vs 98.4 expected
- Prior 98.7
- Current conditions 104.7 vs 105.0 expected
- Prior 105.4; revised to 105.5
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.
The headline reading continues to fall and it is the lowest print since September 2016. It highlights that economic sentiment towards the German economy is continuing to sour and that doesn't bode well for confidence and investments. A minor data point on the day though.
EUR/USD holds steady at the highs still at 1.1373 currently. EUR/GBP likewise at 0.8997 as the pound gives back some of its earlier gains on the day.
