Free Trial

Ifo Survey (Jun 2020) Preview -.........>

GERMAN DATA
MNI (London)
GERMAN DATA: Ifo Survey (Jun 2020) Preview - 0900BST 24/6/20
---------------------------------------------------------------- 
- Ifo BUSINESS CLIMATE (BC): Bbg Cons: 85.0; Prev (May): 79.5 
- Ifo CURRENT SITUATION (CS): Bbg Cons: 84.0; Prev (May): 78.9 
- Ifo EXPECTATIONS: Bbg Cons: 86.0; Prev (May): 80.1 
- The BC is expected to improve further in June as restrictions continue to
ease, with the headline index forecast to register at 85.0. 
- Expectations rebounded sharply in May and offset Mar's and Apr's decline when
it rose from 69.4 to 80.1. 
- Markets project another uptick in Jun to 86 which would be highest level since
Feb. 
- On the other hand, firm's assessment of the current situation deteriorated
again in May, easing by 0.5pt to 78.9. 
- However, in Jun the current situation is seen 5.1pt higher at 84.0. 
- The recently released flash composite PMI bet market expectations when it rose
to 45.8 in Jun and poses an upside risk for Jun's Ifo reading. 
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

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.