IFO business climate. Germany, 11:00 (GMT+2) 24 Feb

24Feb.202510:00

IFO business climate. Germany, 11:00 (GMT+2)

At 11:00 (GMT+2), the February Business Climate Index of Germany from the Institute for Economic Research (IFO) is due, based on a survey of managers of 7.0K enterprises in the manufacturing industry, construction sector, wholesale and retail trade. A correction from 85.1 points to 84.9 points may follow, putting pressure on the euro.

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24 Feb. 2025 10:00

Business expectations. Germany, 11:00 (GMT+2)

At 11:00 (GMT+2), the February business expectations index in Germany is due, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0K companies. It may grow from 84.2 points, supporting the euro.

24 Feb. 2025 11:00

Consumer price index. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), the January data on the consumer price index of the EU countries is due – a key indicator of the inflation rate, determining the change in retail prices for a certain basket of goods and services: food, transport, utilities, healthcare, etc. If it rises from 0.4% MoM, from 2.5% YoY, and the core monthly value from –0.1% and the year’s value from 2.7%, it may significantly affect the European Central Bank’s (ECB) monetary policy decision.

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