24 Jun 2014
All eyes on the German IFO release – Danske Bank
FXStreet (Edinburgh) - Pernille Nielsen, Analyst at Danske Bank, underlines the significance of the IFO indicator due today in Germany.
Key Quotes
“The German IFO business survey will give more information about whether the negative impact from the global slowdown in Q1 is about to fade”.
“We expect the expectation component to decline whereas the current assessment index should continue to improve, reflecting the current strength of the German economy”.
“Yesterday German PMI manufacturing increased marginally and the details showed the new export orders component is declining at a slower pace after it peaked in January”.
Key Quotes
“The German IFO business survey will give more information about whether the negative impact from the global slowdown in Q1 is about to fade”.
“We expect the expectation component to decline whereas the current assessment index should continue to improve, reflecting the current strength of the German economy”.
“Yesterday German PMI manufacturing increased marginally and the details showed the new export orders component is declining at a slower pace after it peaked in January”.