25 Mar 2015
German Ifo Index to rise – Capital Economics
FXStreet (Barcelona) - Jessica Hinds of Capital Economics, notes that the falling euro would have had a positive impact on the German Ifo business climate index, expecting it to rise to 107.2.
Key Quotes
“We expect the German Ifo index (09.00 GMT) to have risen for the fourth consecutive month in March, adding to signs that the German recovery continued in Q1.”
“Admittedly, there is a risk that the Greek crisis has affected activity this month. But industrial production rose at a decent clip in January and previous falls in the euro may now be having a positive effect. Accordingly, we expect a rise in the BCI (business climate index) to 107.2.”
Key Quotes
“We expect the German Ifo index (09.00 GMT) to have risen for the fourth consecutive month in March, adding to signs that the German recovery continued in Q1.”
“Admittedly, there is a risk that the Greek crisis has affected activity this month. But industrial production rose at a decent clip in January and previous falls in the euro may now be having a positive effect. Accordingly, we expect a rise in the BCI (business climate index) to 107.2.”