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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
GERMAN DATA
MNI (London)
GERMANY JUN IFO BUSINESS CLIMATE 92.3; MAY 93.0
GERMANY JUN IFO CURRENT ASSESSMENT 99.3; MAY 99.6r
GERMANY JUN IFO EXPECTATIONS 85.8; MAY 86.9
- German business sentiment softened in June, the main index weakening 0.7-points to 92.3, whilst the current conditions assessment edged down by 0.3 points to 99.3, the latter of which was slightly more optimistic than consensus forecasts. Service industry optimism continues to outpace any deterioration in the manufacturing industry.
- Future expectations fell more 1.1 points to 85.8, a miss on the 0.5-point improvement anticipated.
- The survey of German managers highlighted the further decline in expectations as a result of rising energy costs and fears of gas shortages due to tense relations with Russia. This could have an immediate impact and greatly hamper industry production.
- Manufacturing outlook for H2 worsened, with the chemical industry the most concerned. Trade dived in June to the lowest since the onset of the pandemic in April 2020 as outlooks became very pessimistic.
- On the other hand, Services saw a substantial improvement as expectations saw optimism surrounding the hospitality sector going into the summer months.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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