Germany: Downside risks for the IFO report - TDS

Analysts at TD Securities are looking for downside risks in the German IFO report, with the Current Assessment Index falling 0.8pts to 103.0 (mkt: 103.5) while the Expectations Index remains unchanged at 95.6 (mkt: 96.1).

Key Quotes

“Last week's survey data (ZEW, PMI) suggest that March was the trough for activity in the sector, but gains were relatively muted and the data is unlikely to show a more sustained improvement until next month.”