Eurozone IFO Q1 business climate sentiment 17.2 vs 8.2 prev

Eurozone IFO Q1 business climate sentiment report 6 Feb

Says IFO:

"Economic sentiment in the euro area continued to firm this quarter. The Ifo Economic Climate improved to 17.2 balance points in the first quarter from 8.2 balance points previously. Expectations are far more positive than last quarter. The experts surveyed also assessed their current economic situation more favourably. The economic recovery is gathering impetus.

The best economic climate currently prevails in Lithuania, Ireland, The Netherlands, Slovenia and Germany. In Austria, Finland and Spain climate balances improved markedly and turned positive; in France and Latvia improvements were also positive, but to a lesser extent. Greece, Italy and Portugal are the only euro area countries in which the economic climate remains unfavourable."

Upbeat survey but euro not impressed. EURUSD and EURGBP on session lows of 1.0735 and 0.8607

Eurozone IFO Q1 business climate sentiment 17.2 vs 8.2 prev
Eurozone IFO Q1 business climate sentiment 17.2 vs 8.2 prev
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