Business climate index (IFO)
Business climate index (IFO)
It is quite a simple indicator released by the West-German Institute for Economic Research (IFO) in the middle of every month. This index value deals with psychological aspects rather than economic ones but may have a significant influence on the market. It is easy to analyze this index: a value below 100 means a decrease in the rate of economic growth but a value above 100 leads to a consolidation of the Euro and Swiss franc rates.