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GLOBAL WEEK AHEAD: Gloomy Sentiment Outlooks for Europe

MNI (London)
The week ahead will focus on a slew of downbeat European sentiment indexes. High cost-of-living expenses worsened by the energy crisis and fears of gas shortages into the year-end has confidence falling to a record lows. This is in contrast to the US Conference Board indicators which suggest a modest rebound.


Monday:

Germany IFO Survey: The German IFO business climate index is anticipated to slow by another 1.5 points to 87.0 in September. This would be a fresh low since the pandemic onset with IFO seeing a -0.5% Q3 contraction. Acute concerns regarding both economic outlooks and gas/energy supply shortages remain key issues headed into year-end. Friday’s flash September PMI reiterated these issues and noted that easing supply chains are the only positive factor at present.

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The week ahead will focus on a slew of downbeat European sentiment indexes. High cost-of-living expenses worsened by the energy crisis and fears of gas shortages into the year-end has confidence falling to a record lows. This is in contrast to the US Conference Board indicators which suggest a modest rebound.


Monday:

Germany IFO Survey: The German IFO business climate index is anticipated to slow by another 1.5 points to 87.0 in September. This would be a fresh low since the pandemic onset with IFO seeing a -0.5% Q3 contraction. Acute concerns regarding both economic outlooks and gas/energy supply shortages remain key issues headed into year-end. Friday’s flash September PMI reiterated these issues and noted that easing supply chains are the only positive factor at present.

Keep reading...Show less