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German Ifo Business Climate
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22 November, 2013, 3:17 PM
German Ifo Business Climate is released by THE INSITITUTE OF IFO. IFO is an acronym from Information and Forschung (research). As one of Germany's largest economic think-tanks, it analyses economic policy and is widely known for its monthly Ifo Business Climate Index for Germany.
It is based on surveyed builders, manufacturers, retailers and wholesalers.
When Actual > Forecast = Good for currency (VICE-VERSA)
IFO Data released monthly basis around 3 weeks into the current month.
This survey is highly respected due to its large sample size and historic correlation with German and wider Eurozone economic conditions. It tends to create a hefty market impact upon release. Source changed series from a base year of 2000 to a base year of 2005 as of May 2011;
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;
Survey of about 7,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months;
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