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Many German industrial firms are more upbeat about the outlook than they have been in recent months, with expectation in the auto and pharma sectors improving 'dramatically', according to the Ifo Institute's head of surveys, Klaus Wohlrabe. Ifo's January production expectations index rose to 8.4, up from 5.1 in December.
The picture is mixed, with beverage and chemical manufacturers also seeing expectations increase in January, while clothing, leather and furniture companies recorded declines.
Source: Ifo Institute
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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.
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