Ifo Business Climate Index rose to 105.5 points

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Thursday, Dec 18 2014

The Ifo Business Climate Index for industry and trade in Germany rose to 105.5 points in December from 104.7 points last month, in line with market forecasts. Positive assessments of the current business situation remained unchanged. The outlook for the months ahead continued to brighten. Dropping oil prices and a falling euro exchange rate are seasonal gifts to the German economy.

In manufacturing the business climate continued to improve. Firms only slightly scaled back their assessments of the current business situation. After three months of negative figures, the business outlook for the next half year turned positive again in December. Exports continue to support German manufacturing.

Data did not have any larger impact onthe markets, with euro currently being traded few points above 1.2420 level. Later today, in the US session, Unemployment Claims and Philly Fed Manufacturing Index figures will be released.

More in this category: « Fed left interest rates unchanged UK Retail Sales increased by 1.6% »

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