Free Trial

IFO Surveys Pricing In Significant Economic Slowdown

EUROPE
  • Euro leading indicators have been fading in the past two months following the Ukraine invasion.
  • The 19-nation bloc economy is currently being challenged by higher energy prices and tightening lending conditions.
  • The chart below shows that the IFO Business Expectations survey has historically acted a strong 4M leading economic indicator of Euro industrial production (proxy for real economic activity).
  • With the IFO survey falling to its lowest level since May 2020, recession risks have been surging.

Source: Bloomberg/MNI

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.