giovedì 25 agosto 2011

German IFO Business Confidence Index Shows Anything But Optimism

The German IFO business confidence index fell more than expected in August, from 112.9 to 108.7 - the lowest since July 2010. The market expectations were for a decline to 111. According to the historical relationship between the IFO business confidence index and the German industrial production (continue on seekingalpha)