Germany: Sentiment well below previous highs - TDS

Analysts at TD Securities explain that for the German economy, in contrast to March PMIs, the IFO survey beat expectations and saw modest moves higher across all three indexes.

Key Quotes

“Expectations in particular rebounded almost 2 points to 95.6, marking a 3 month high. Still, sentiment remains well below previous highs, and it will take a series of further increases to be a convincing turnaround.”