Germany October Ifo business climate index 86.9 vs 85.9 expected

<ul><li>Prior 85.7; revised to 85.8</li><li>Current conditions 89.2 vs 88.5 expected</li><li>Prior 88.7</li><li>Expectations 84.7 vs 83.3 expected</li><li>Prior 82.9; revised to 83.1</li></ul><p>Those are decent beats on estimates across the board for the latest Ifo business survey. However, business sentiment is just seen improving off recent lows and there is still a downbeat mood overall with regards to the German economy. With consumption activity still rooted to the ground, it's hard to imagine a meaningful pick up before the year ends for businesses as well.</p>

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