Germany January Ifo business climate index 85.2 vs 86.7 expected

<ul><li>Prior 86.4; revised to 86.3</li><li>Current conditions 87.0 vs 88.6 expected</li><li>Prior 88.5</li><li>Outlook 83.5 vs 84.8 expected</li><li>Prior 84.3; revised to 84.2</li></ul><p>It is misses across the board as even the expectations/outlook index declined to start the year. That reaffirms the German economy is in a rough spot at the moment, with the manufacturing recession, weak consumption activity, and stubborn inflation pressures all weighing.</p>

This article was written by Justin Low at www.forexlive.com.