German climate index falls higher than expectation in January

FXStreet (Mumbai) - German Ifo Business Climate Index dropped to 107.3 in January, lower than expectation and below the 108.7 reading seen in December. Current assessment index dropped to 112.5, down from 112.8. It was expected to stay unchanged in January. The expectation index on the other hand fell sharply to 102.4, lower than the previous reading of 104.7 and also below expectation.