23 May 2014
German IFO in the limelight today – Danske Bank
FXStreet (Edinburgh) - Kasper Kirkegaard, Chief Analyst at Danske Bank, underlines today’s release of the German IFO indicator.
Key Quotes
“We look for a small rise in the German IFO, pointing to continued robust growth in Germany”.
“The short-term indicators have been a bit mixed in Germany lately. The ZEW index, factory orders and OECD leading indicator have softened a bit, whereas yesterday’s PMI showed a rise in the composite new orders index”.
“It is likely that manufacturing is taking a small breather as export conditions worsened earlier this year on the back of the slowdown in the US and China”.
“The strong euro has also caused some headwind for exporters. However, the domestic economy in Germany is strengthening, which compensates for the export headwinds”.
Key Quotes
“We look for a small rise in the German IFO, pointing to continued robust growth in Germany”.
“The short-term indicators have been a bit mixed in Germany lately. The ZEW index, factory orders and OECD leading indicator have softened a bit, whereas yesterday’s PMI showed a rise in the composite new orders index”.
“It is likely that manufacturing is taking a small breather as export conditions worsened earlier this year on the back of the slowdown in the US and China”.
“The strong euro has also caused some headwind for exporters. However, the domestic economy in Germany is strengthening, which compensates for the export headwinds”.