German IFO Business Sentiment Index UpdateJune 22, 2012 @ 7:41 AM EST
Europe Update: German IFO Business Climate Index
The IFO Business Climate Index in Germany for the month of June shows that business sentiment stagnated.
The IFO index was reported at 105.3, which was below the consensus estimate for 105.4 and May’s reading of 106.9.
The Current Conditions Index came in at 113.9, which was above the consensus for 112.0 (May: 113.3)
The expectations component fell to 97.3 vs. consensus for 99.7 (May: 100.9).
The IFO Business Climate Index is based on surveys of 7,000 companies.
Other stories on Europe to review:
Eurozone Preliminary PMI's Remain Weak in June
Greece Has Formed a Government
Eurozone ZEW Index Continues to Decline
German ZEW Index Slides in June
Greek Voters Support Euro and Bailout
Spain Downgraded at Moody's
Eurozone Industrial Production Declines
Spanish Banks To Get 100 Billion Bailout
ECB Leaves Rates Unchanged; Keeps Hope for Action Alive
- Germany's Industrial Production Falls
iShares Germany Last 12 Months
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