IFO Sentiment data for Januray released today registered better than anticipated with the Business Climate sentiment index at 83, up from a revised 82.7 in December. Current Assessment was down 2 to 86.8 (still significantly higher than anticipated) and Expectations were at 79.4, up from a revised 76.9 reading for December and much better than economists had forecasted.
The slight uptick in sentiment indicates a less-than-toxic outlook for Germany. Chancellor Angela Merkel agreed this month to spend €80 Billion ($105 Billion) over two years to overturn the country’s worst recession since WWII.
We are currently neutral on Germany’s Equity market.
Andrew Barber
Director
Matthew Hedrick
Analyst
The slight uptick in sentiment indicates a less-than-toxic outlook for Germany. Chancellor Angela Merkel agreed this month to spend €80 Billion ($105 Billion) over two years to overturn the country’s worst recession since WWII.
We are currently neutral on Germany’s Equity market.
Andrew Barber
Director
Matthew Hedrick
Analyst
