Germany: IFO index confirms negative tone - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, the German IFO index has confirmed their downside lean, and echoed the negative tone seen in last week's ZEW and PMI surveys.

Key Quotes

“The Current Assessment index fell to 103.3 and the Expectations Index fell to 95.2. The deterioration in the latter comes after March's data showed an improvement.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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