IFO’s Economist: German economy is sending signals of hope

Dhwani Mehta FXStreet

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “the German economy is sending signals of hope.”

Additional quotes

59.3% of companies surveyed complained about supply bottlenecks in November vs 63.8% in October.

46.8% of companies surveyed want to raise prices in the coming three months, pressure to increase prices is sinking continuously.

Industry export expectations rose just into positive territory.

Retailers and hospitality sectors showing small signs of hope, state support helps.

EUR/USD may extend its rally to 1.0500/1.0550 in the near term – ING

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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