Germany’s IFO Business Climate Index improves to 86.6 in July, beats estimates

The German IFO Institute Business Climate Index improves to 86.6 in July, higher than 86.1 estimates and the June’s reading of 85.7, revised higher from 85.6.

The IFO Current Assessment Index arrives at 86.5, lower than the previous reading of 87.0.

Expectations Index improves significantly to 86.7 from to 84.3 in June, revised higher from 84.1.