German Feb Ifo: Downbeat across all indicators

The headline German Ifo business climate unexpectedly improved in February, coming in at 115.4 points versus last month's 117.6 and expectations of 117.0. Meanwhile, the current economic assessment bettered estimates, arriving at 126.3 points in the reported month, as compared to last month's 127.7 and 127.0 anticipated.

The Ifo Expectations Index – indicating firms’ projections for the next six months missed expectations, arriving at 105.4 in February versus expectations of 107.9 and 108.4 recorded in Jan.