Germany: Mixed signals with a slight positive slant - TDS

Research Team at TDS, suggests that following on the heels of a very mixed ZEW report yesterday and a misleading PMI on Monday (the details were worse than the headline), today’s IFO survey showed gains in both the current assessment index (114.2) and the expectations index (101.6).

Key Quotes

“The expectations index in particular has now comfortably bounced off its early-2016 lows, but today’s increase contrasts with yesterday’s ZEW release, which showed a deterioration in expectations. Overall, the signals coming from Germany this week are quite mixed, but with a slight positive slant.”