Tuesday, September 26, 2006

German Ifo Business Climate edges down 0.1

The German Ifo business climate survey has eased slightly in September, although less than expected, to 104.9 from August 105.0.This figures, even with a slight decline, show that the business sentiment in Germany remains strong. Analysts expected a more significative decline to 104.4.The sentiment about the current conditions increased notably, from 108.7 in August to 111.3. While, in the other hand, the expectations sub-index deropped from 101.5 in August to 98.9 in September

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