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MNI: GERMAN DATA: Ifo Survey (Jul 2019) Preview -....>

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MNI: GERMAN DATA: Ifo Survey (Jul 2019) Preview - 09:00BST
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- Ifo BUSINESS CLIMATE: Bbg Cons: 97.2; MNI Median: 97.0; Prev (Jun): 97.4
- Ifo CURRENT SITUATION: Bbg Cons: 100.4; MNI Median: 100.4; Prev (Jun): 100.8
- Ifo EXPECTATIONS: Bbg Cons: 94.0; MNI Median: 94.0; Prev (May): 94.2
- Mkts look for the Ifo Bus Climate index to post a fourth straight drop in Jul
- ... which would leave it at its lowest level since Nov 2014
- Both the Current Sit & Expectations are forecast to moderate...
- ... with the former expected to remain above its series avg (97.1), but fall
further below its 5-yr avg (103.5)...
- ... and the latter to remain below both series (98.2) & 5-yr (99.6) averages 
- The ZEW Current Situation indicator plummeted into negative territory in Jul
for the first time in more than 9 yrs...
- ... suggesting that the equivalent Ifo component could undershoot consensus
- Meanwhile, the Sentix index of investor sentiment on Germany fell in Jul to
its lowest level in almost a decade 

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