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GERMAN DATA: Ifo Survey (Oct 2019)......>

GERMAN DATA
MNI (London)
GERMAN DATA: GERMAN DATA: Ifo Survey (Oct 2019) Preview
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- Ifo BUSINESS CLIMATE (BC): Bbg Cons: 94.5; Prev (Sep): 94.6 
- Ifo CURRENT SITUATION (CS): Bbg Cons: 98; Prev (Sep): 98.5 
- Ifo EXPECTATIONS: Bbg Cons: 91; Prev (Sep): 90.8 
- Mkts look for 0.1pt decline in Oct's BC, following Sep's small uptick. 
- While the current situation is forecast to fall by 0.5pt to 98.0, expectations
are projected to pick up by 0.2pt to 91.0. 
- The CS index rose slightly in Sep after Aug's slump to a 5-year low, while the
expectations indicator plummeted to a 10-year low in Sep. 
- Fwd-looking survey evidence paints a gloomy picture with both the Sentix index
and the ZEW current situations revealing another sharp decline. 
- The flash manuf PMI rose to 41.9, but services edged down to 51.2. 
- Prolonged Brexit uncertainty continues to weigh on business activity. 
- Moreover, confidence remains muted, despite the recent sentiment change in the
US-China trade dispute, which had little impact on firm's economic scepticism.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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