German IFO business confidence missed estimate for June
22 June, 2012, 16:11. Posted by Zarathustra
Tags: Euro Crisis
German IFO Business Climate survey for June missed estimate. Latest Business Climate Index fell from 106.9 to 105.3, below consensus estimate of 105.3. Business Expectation fell to 97.3 from 100.9, below estimate of 99.8, while current condition rose very slightly to 113.9 vs 112 expected.
The chart below shows the German IFO survey vs. German quarter-on-quarter GDP growth.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.