Germany December Ifo business climate index 86.4 vs 87.8 expected

<ul><li>Prior 87.3; revised to 87.2</li><li>Current conditions 88.5 vs 89.7 expected</li><li>Prior 89.4</li><li>Expectations 84.3 vs 85.9 expected</li><li>Prior 85.2; revised to 85.1</li></ul><p>That'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.</p>

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