• German IFO Business Climate Index continued to decline in January.
• IFO Current Economic Assessment fell to 87.0 in the reported month.

The headline German IFO Business Climate Index declined to 85.2 in January from 86.3 in December. Markets were expecting this figure to improve slightly to 86.7.

Meanwhile, the Current Economic Assessment Index came in at 87.0 in the same period, below the December print and the market expectation of 88.5 and 88.6, respectively.

Finally, the IFO Expectations Index – indicating firms’ projections for the next six months, edged lower to 83.5 from 84.8.