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Ifo Survey (Nov 2019) Preview -.........>

MNI (London)
GERMAN DATA: Ifo Survey (Nov 2019) Preview - 0900GMT 25/11/19
- Ifo BUSINESS CLIMATE (BC): Bbg Cons: 95.0; Prev (Oct): 94.6 
- Ifo CURRENT SITUATION (CS): Bbg Cons: 97.9; Prev (Oct): 97.8 
- Ifo EXPECTATIONS: Bbg Cons: 92.5; Prev (Oct): 91.5 
- Markets are looking for the BC to pick up marginally in Nov after Oct's stable
- The index is trending down since late 2018 and reached its lowest level since
Nov 2012 in Aug.
- However, the last two months signal stabilisation, although at a relatively
low level. 
- The CS is forecast to pick up by 0.1pt to 97.9 in Nov following Oct's decline 
- Meanwhile, Expectations are expected to rise further in Nov. 
- Recently released PMI figures showed an increase for the manufacturing and the
composite PMI in Nov, while the flash services PMI fell to a 38-month low.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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