December 2017 German IFO business climate index 19 December 2017
- Prior 117.5. Revised to 117.6
- Current conditions 125.4 vs 124.7 exp. Prior 124.4. Revised to 124.5
- Expectations 109.5 vs 110.7 exp. Prior 111.0
A touch softer to end the year with. It came into 2017 at 110.1 and the revision of 117.6 was the years high.
IFO’s Wohlrabe comments;
- We should not read too much into the drop in the IFO
- If the situation is very good, it’s difficult to see further improvement
- Uncertainty has increased as businesses wait for a new German government to inform
- There’s been no effect from Brexit or US tax plans
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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