24.04.201403:57:00UTC+00German Ifo Business Climate Should Remain Stable in April

Quotes from Credit Agricole CIB:

-The German IFO business climate is expected to stabilise at 110.7 in April. We expect a slight improvement in the manufacturing and retail sectors, while construction and whole saling will likely weigh on the global index.

-The current business assessment is expected to increase to 115.4, while business expectations would decline slightly at 106.2 versus 106.4 in the previous month.

-Business conditions remain favourable for activity in many sectors, while expectations are likely to adjust downwards in the coming months.