October 2016 German IFO business climate report
Prior 109.5
Current conditions 115.0 vs 114.9 exp. Prior 114.7
Expectations 106.1 vs 104.5 exp. Prior 104.5
Better all round from the German institute for economic studies. EURUSD has undone the dip to 1.0868 by around 10 pips.
In the sectors, services dipped two pips to 32.1, while manufacturing saw a strong rise to 16.7 vs 13.3 prior, and construction was higher too. Retail and wholesale lost some ground.
German IFO