Data released by the CESifo Group has come in broadly inline with expectations for June, as business climate has risen from 105.7 to 105.9 as anticipated.
Current assessment fell slightly more than expected, dropping from 110.0 to 109.4 (109.6 expected). Expectations beat forecasts rising from 101.6 to 102.5 (102.0 expected).
Worst possible #IFO outcome for journos - in line with expectations (positive momentum vs. temporary flooding impact)— Frederik Ducrozet (@fwred) June 24, 2013
Improving consumer confidence, how bizarre, was already visible in last week's flash Eurozone survey estimate by the EC— Frederik Ducrozet (@fwred) June 24, 2013