Germany December Ifo business climate index 86.4 vs 87.8 expected ...Middle East

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Prior 87.3; revised to 87.2Current conditions 88.5 vs 89.7 expectedPrior 89.4Expectations 84.3 vs 85.9 expectedPrior 85.2; revised to 85.1That's a bit of a disappointment as the Ifo reading reflects subdued business sentiment to wrap up the year in Germany. That continues to suggest that any imminent recovery remains a distance away for now as we get to the turn of the year. Higher price pressures and subdued demand conditions are still two problematic issues for the German economy currently. This article was written by Justin Low at www.forexlive.com.

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