German IFO Expectations Index drop to 99.5 in April vs. 101.3 expected, EUR/USD stays below 1.21

• German IFO Business Climate Index came in at 96.8 in April.
• IFO Current Economic Assessment dropped to 94.1 this month.
• April German IFO Expectations Index arrived at 99.5.

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.