Free Trial
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 OCT IFO BUSINESS CLIMATE 84.3 (FCST 83.5); SEP 84.4r
GERMANY OCT IFO CURRENT ASSESSMENT 94.1 (FCST 92.5); SEP 94.5
GERMANY OCT IFO EXPECTATIONS 75.6 (FCST 75.0); SEP 75.3r
- The German business climate continued to remain deeply pessimistic in the October data, edging down for the fifth successive month to a fresh 2020 low. Expectations saw a minor 0.3-point improvement, edging up from near initial 2020 pandemic lows. As such, the index is likely to have bottomed out for now.
- Manufacturing, services, trade and construction continue to see gloomy outlooks as the survey continued to flag recession fears. Manufacturing capacity utilisation in manufacturing dipped from 85.3% to 84.6% as new orders fell.
- Acute concerns regarding inflation and gas/energy supply shortages persist. Yesterday's PMIs saw German business activity contract again at a concerningly faster rate as new orders dropped. High energy prices are choking both demand and profit margins.
- The German Q3 GDP flash release is due on Friday and a contraction of around -0.2% q/q is anticipated, kicking off a Winter recession.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok