Germany November Ifo business climate index 86.3 vs 85.0 expected

• Prior 84.3; revised to 84.5
• Expectations 80.0 vs 77.0 expected
• Prior 75.6; revised to 75.9
• Current conditions 93.1 vs 93.8 expected
• Prior 94.1; revised to 94.2

That's a positive surprise and will at least give some hope that overall conditions will not be as rough as they look for the German economy heading into winter. The improvement in the outlook is arguably perhaps to do with easing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures as well, even if the levels are still elevated. In any case, it is a welcome development but that doesn't mean that Germany may be able to skirt away from a recession heading into next year.