German IFO for March reveals improved business climate - expectations also rise

Published date: 25/03/2019
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This morning's release of the German IFO survey has shown a modest improvement in the business climate, with the index rising from 98.5 to 99.6 against expectations of a 98.7 reading.  The IFO institute also notes that the German economy is showing resilience in these tough times, as was highlighted in the much weaker than expected PMIs released last week.  

Business expectations are also higher with the index here rising from 93.8 to 95.6, while the current assessment index edges up from 103.4 to 103.8 vs an anticipated dip to 102.9.  It is early days to suggest whether this is a turn in the economic fortunes of Germany, though the economy has consistently weathered the storms over the decades.  

There was a modest uptick in the EUR with the spot rate trying to push back to 1.1320+ levels.  The crosses are relatively mixed, so it seems the USD rate is perhaps the better gauge at the moment.  

Comments from the ECB's Coeure expected within the next half hour.


Comments

  • German IFO for March reveals improved business climate - expectations also rise
    Trent says:
    03/06/2019

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  • German IFO for March reveals improved business climate - expectations also rise
    Pritesh says:
    25/03/2019

    Hoping that it plummets cause i'm ready for it, who is going to be posting now??

  • German IFO for March reveals improved business climate - expectations also rise
    Karampreet says:
    25/03/2019

    Turkish lira article is needed

  • German IFO for March reveals improved business climate - expectations also rise
    Piotr says:
    25/03/2019

    This is no turn in my eyes

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