Analysts had expected a reading of 105,6 – This is the second consecutive drop – Current conditions component is higher than expected – Expectations are down.
Business confidence falls more than expected Germany. In June theThe Ifo index - which measures the business climate - fell to 105,3 points, against 106,9 in May. Analysts had expected a reading of 105,6. This is the second consecutive drop, after the index fell from 109,9 to 106,9 last month.
The current conditions component was higher than expected, equal to 113,9 points against a forecast of 112,3, while expectations were lower: 97,3 points against the 99,8 expected.
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