Germany: IFO expectations to decline to 106.1 in June – Danske Bank

In the euro area, the German ifo expectation is due for release today and analysts at Danske Bank expect this figure to decline to 106.1 in June.

Key Quotes

“The ifo expectation increased from 105.2 in April to 106.5 in May, which is its highest level since February 2014. We expect this figure to decline to 106.1 in June, as the German ZEW and Sentix have both declined in June, and the weakening business cycle indicators in the US and China could still weigh on the German business expectation.”