German IFO Business Climate drops to 87.3 in July vs. 88.0 expected

• German IFO Business Climate Index came in at 87.3 in July.
• IFO Current Economic Assessment fell to 91.3 this month.
• The July German IFO Expectations Index arrived at 83.5, a beat.

The headline German IFO Business Climate Index declined to 87.3 in July versus last month's 88.6 and the consensus forecast of 88.0.

more to come ...

About German IFO

The headline IFO business climate index was rebased and recalibrated in April after the IFO research Institute changed series from the base year of 2000 to the base year of 2005 as of May 2011 and then changed series to include services as of April 2018. The survey now includes 9,000 monthly survey responses from firms in the manufacturing, service sector, trade and construction.