According to analysts and economists who watch these things, Germany's IFO Business Climate Index was expected to continue its rise. Having purportedly bottomed out back in September, like other sentiment indicators, this one had been on the rebound, too, if, though, much less than those others (especially the "stimulus" loving ZEW). While maybe not suggesting the turnaround we had been told to expect over the last few months of 2019, 2020 was going to open by still going in the right direction.
Instead, the IFO stumbles out of the gate. At 95.9 for January