German Ifo Index Hits 90.2, Highest in More Than 3 Years
Updated
Updated · Forex Factory · Oct 26
German Ifo Index Hits 90.2, Highest in More Than 3 Years
3 articles · Updated · Forex Factory · Oct 26
Summary
Germany’s Ifo business climate index rose to 90.2 in October from 89.9, extending gains for a sixth straight month and signaling continued resilience in Europe’s largest economy.
Expectations drove the increase, jumping to 91.6 even as the current assessment slipped to 88.8, an early sign that higher energy prices and interest rates are starting to weigh on activity.
Manufacturing helped lift sentiment, while the broader survey still pointed to a recovering economy despite risks from energy costs, borrowing conditions and geopolitical tensions.
The October reading leaves the index at its highest level in more than three years, underscoring a recovery that remains intact but is showing its first visible strains.