The headline German IFO Business Climate Index plunged to 90.8 in March as compared to last months 98.5. Meanwhile, the Current Economic Assessment dropped to 97.1 points in the reported month as compared to last months 98.6 and 96.5 anticipated. The IFO Expectations Index, indicating firms projections for the next six months, worsened to 85.1 in March from the previous months 98.4 reading and much better than the market expectations of 92.0.
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