FXstreet.com (Barcelona) - German IFO business climate has picked up in March from February against the experts' forecasts of decreases, current assessment has decreased slightly, but figures are better than expected, according to latest results of the German IFO Institute for Economic Research.

In March, the Business climate index has edged up to 104.8 on month from 104.1 in February, market analysts forecasted a decline to 103.5.

Current conditions index has decreased slightly to 111.5 in march from 111.6 in February, expectations was a decline to 109.5.Economic expectations index increased slightly to 98.4 in March from 98.2 in February.