German IFO index disappointing in January

(Boursier.com) — The confidence index of German business circles compiled by the Ifo Institute deteriorated again in January. It stood at 85.2, compared to 86.3 for the revised reading of the previous month, and a consensus of 86.7. The current evaluation component fell by 1.5 points to 87 points (88.6 consensus) and the expectations component stood at 83.5 points compared to 84.2 a month before (84.8 consensus).

The Ifo index is compiled each month from the responses of 7,000 German professionals from the different economic sectors concerned. It represents their vision at six months and their feeling at the time of the survey. A synthesis of the two indicators provides the main business climate index.