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

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MNI: GERMAN DATA: Ifo Survey (Jun 2019) Preview - 09:00BST
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- Ifo BUSINESS CLIMATE: Bbg Cons: 97.6; MNI Median: 97.5; Prev (May): 97.9
- Ifo CURRENT SITUATION: Bbg Cons: 100.3; MNI Median: 100.3; Prev (May): 100.6
- Ifo EXPECTATIONS: Bbg Cons: 94.8; MNI Median: 94.7; Prev (May): 95.3
- Markets look for the Ifo Business Climate index to decline slightly from May's
54-month low
- Both the Current Sit & Expectations are expected to come down in Jun
- The ZEW Economic Sentiment Indicator plummeted from -2.1 to -21.1 in Jun...
- ... suggesting that the Ifo Expectations component could undershoot consensus
- A close eye should be kept on sentiment in the services sector, which fell in
May to its lowest level since Nov 2014
- Indeed, there is growing concern that the export-driven manufacturing downturn
is starting to spill over to the domestic economy...
- ... via a less dynamic labour market and manufacturing supply chains which
extend into services

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