Germany: Ifo Business Climate Survey to decrease to 101.7 in September – Nomura

Analysts at Nomura expect the German Ifo Business Climate Survey to decrease to 101.7 in September from 103.8 in August.

Key Quotes

“We forecast current conditions and expectations to drop 105.2 and 98.0 in September from 106.4 and 101.2 in August, respectively, as PMI survey data for September decreased from the previous month with a sharp drop in the manufacturing index. An escalation of the trade dispute between the US and China has raised concerns about manufacturing sector activity.”