Prior 86.7Current assessment 86.4 vs. 85.4 expectedPrior 85.7Expectations 87.4 vs. 85.0 expectedPrior 87.7
These are certainly better figures than feared given the trade uncertainty. It shouldn’t be a surprise though given that the German PMIs showed the same yesterday and they are correlated with the IFO.
This article was written by Giuseppe Dellamotta at www.forexlive.com.