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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 JAN IFO BUSINESS CLIMATE 90.2 (FCST 90.3); DEC 88.6
GERMANY JAN CURRENT ASSESSMENT 94.1 (FCST 94.9); DEC 94.4
GERMANY JAN IFO EXPECTATIONS 86.4 (FCST 85.3); DEC 83.2
- The IFO business climate index was broadly in line with expectations in January, improving by 1.6 points to 90.2. Despite current situation passements edging down (a reminder that the economy continues to face strong headwinds), the expectations index rose 3.2 points, beating expectations yet in line with flagged upside risk following the record jump in ZEW survey expectations.
- Production outlooks improved across production, services, exports and construction, although services noted considerable struggles in transport, logistics and gastronomy at current.
- Lower energy prices and fiscal support and easing bottlenecks remain key in improving sentiment, whilst reopening of China's economy is likely to see exports recover.
- January's survey adds to the narrative of a rebound in eurozone growth outlooks for 2023 as the bloc looks likely to enter, at worse, a more shallow contraction than initially anticipated.
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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