German IFO Nov 2014

German business confidence increased for the first time since April in November with the IFO business climate index rising 1.5pts to 104.7. The reading was higher than the 103.2 figure of October and expectations for a decline to 103.0. Current conditions gained 1.6pts to 110.0, the first increase in 4 months, while expectations ticked up 1.4pts to 99.7, the first gain seen since April. Despite the bounce all three indices have fallen 5.9pts, 2.4pts and 9.1pts respectively over the course of 2014.

 

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