Tuesday, January 26, 2010

Indicator of business conditions in Germany Ifo exceeded forecasts for January

Indicator of business conditions in Germany, produced by the German Ifo Institute for Economic and reflecting the perspectives of development of German and European economies, amounted to 95.8 points in January compared to 94.7 points in the previous month. However analysts predicted that figure will increase to 95.2 points.

Indicator assessment of current conditions Ifo rose in January from 90.5 points to 91.2 points in the forecast 91,3 points.

Ifo indicator of economic expectations for the reporting period amounted to 100.6 points compared with 99.1 points a month earlier. Has been predicted that the rate will not change.

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