Germany: Focus on IFO survey – RBC CM

Research Team at RBC Capital Markets, suggests that today’s main euro area release is the German Ifo survey for October.

Key Quotes

“September saw the Ifo record its highest reading since May 2014 at quarter end as German firms expectations on the macro economic outlook rebounded strongly after a weakening over the summer months. Given the strength of the October PMI and ZEW survey readings, today’s Ifo should also show the German economy gathering momentum as it enters the final quarter of the year.”