IFO Indices: Forecasts Came True

EUR / USD holds steady at 1.1021 and is trading virtually unchanged. The indicators are similar to forecasts that confirm the stability of forecasts for the German economy in the 4th quarter. In general, the level of trust in partnerships maintains a low position. Risks of a slowdown in economic growth remain.

• Germany, November, IFO Business Optimism Index: 95.0 against the forecast of 95.0;
• IFO Economic Expectations Index: 92.5 versus 92.5;
• Indicator for assessing the current situation from IFO: 97.9 against the forecast of 97.9.