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FxWirePro: Daily Commodity Tracker - 21st March, 2022

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German Ifo index provided further evidence that recovery continued in Q1

Wednesday, March 25, 2015 6:08 PM UTC

German Ifo index (released on Wednesday) showed that the headline composite Business Climate Indicator (BCI) rose from 106.8 to 107.9, stronger than the consensus forecast.

Capital Economics notes .....

March's rise in the German Ifo index provided further evidence that the recovery in the euro-zone's largest economy continued in Q1.
The improvement was broad-based but the manufacturing component rose strongly, suggesting that the weaker euro is starting to have a positive effect on firms.

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German Ifo index provided further evidence that recovery continued in Q1

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