Germany: IFO index to underperform – TDS

Analysts at TD Securities suggest that after the disappointing manufacturing PMI earlier this week, they are looking for Germany's IFO to underperform as well.

Key Quotes

“Markets are looking for the headline business climate to rise from 95.0 to 95.5, but we think it's more likely to hold unchanged at 95.0 as the German economy continues to struggle.”