Germany July IFO Business Climate Index 90.5... Exceeds Expectations

by Lim Chulyoung

Published 27 Jul.2020 17:28(KST)

[Image source=Yonhap News]

[Asia Economy Reporter Lim Cheol-young] Germany's July business climate index exceeded expectations.

According to the IFO Institute for Economic Research on the 27th (local time), Germany's July business climate index stood at 90.5, surpassing the expected 89.3.

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At this time, while most major European stock markets are showing weakness, Germany's DAX 30 index is up 0.52% from the previous trading day, recording 12,905.25. The UK's FTSE 100 index and Spain's IBEX 35 index are both showing declines.

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