German Ifo Business Climate

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november, 2019

25nov9:00 am9:00 amGerman Ifo Business ClimateIMPACT: EURUSD & EUR CROSSES9:00 am - 9:00 am UTC Event Type :Medium Impact Time has ran out! Better luck next time!

Event Details

What is this event?

It’s a leading indicator of economic health – businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

Measures

Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers.

Effect on Currency

‘Actual’ greater than ‘Forecast’ is good for currency.

Frequency of event

Released monthly, around 3 weeks into the current month.

Source of Data

Ifo Institute for Economic Research (latest release)

Time

(Monday) 9:00 am - 9:00 am

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