German IFO Business Climate Index misses estimates with 74.3 in April, EUR/USD unmoved

The headline German IFO Business Climate Index came in at 74.3 in April, weaker than last month's 80.0 and missing the consensus estimates pointing to a reading of 86.1.

more to come ...

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.