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German Ifo Business Climate
Posted by
18-Dec-13 01:12PM
German Ifo Business Climate is a monthly survey that measures the business climate in Germany. It is widely followed as an early indicator of the state of the German economy. The German Ifo Business Climate is based on around 7,000 monthly survey, it responses from firms in manufacturing, construction, wholesale and retail. As the largest economy in the European Union, Germany's business climate has implications for the rest of the European Union.
The data released by Ifo Institute for Economic Research monthly, around 3 weeks into the current month.
Impact of this data: if Actual > Forecast = Good for currency (Vice-Versa).
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