German Ifo business climate unexpectedly improves in January

The headline German Ifo business climate unexpectedly improved in January, coming in at 117.6 points versus last month's 117.2 and expectations of 117.1. Meanwhile, the current economic assessment bettered estimates, arriving at 127.7 points in the reported month, as compared to last month's 125.4 and 125.4 anticipated.

The Ifo Expectations Index – indicating firms’ projections for the next six months missed expectations, arriving at 108.4 in January versus expectations of 109.4 and 109.4 (revised down from 109.5) recorded in Dec.