020 7898 0500On Friday the Eurozone announced its year-on-year consumer price index. At 0.6%, it showed no change over the previous figure. Earlier on in the week a wave of data releases all came out negative. However, the data releases improved as the week went on, and we saw positive German and French manufacturing Purchasing Managers Indices.
Today we have the German IFO business climate index. As the biggest economy in Europe, Germany has a major impact on the Eurozone as a whole. The IFO business climate index measures the current and future business conditions of an economy. The consensus sees no change in the figure but we don’t know until the actual figure is out.
