Advertisement

Friday preview: German Ifo business climate index results

Germany's economic activity is expected to show little change when Munich's Ifo Institute releases its business climate index results for March on Friday.

Germany's economic activity is expected to show little change when Munich's Ifo Institute releases its business climate index results for March on Friday.

Barclays said it anticipates the index, an indicator for business activity in the country's economy, to reflect a consolidation of past gains and moderate growth.

"The assessment of the current situation may improve somewhat further, while expectations of future business activity could moderate slightly," the bank said in a statement.

Advertisement - Article continues below

The data comes a day after a Markit Economics revealed its results for Germany's purchasing managers' index (PMI), which showed a contraction in the country's business activity.

Germany's composite output index fell to 51 in March from 53.3 in February, the lowest reading in three months.

Marginal falls in new orders in manufacturing and service sectors were indicted in March.

Average prices charged by German private sector companies increased for the sixth consecutive month in March. However, the pace of inflation was only marginal, and eased to its weakest so far in 2013.

Employment numbers rose at the most marked pace since January 2012, led by a stronger increase in the service sector and a slight rebound at manufacturers.

"We look forward to tomorrow's release of national IFO and [National Institute for Statistics and Economic Studies] surveys to see whether they will confirm the weakening picture drawn by today's PMIs," Barclays added.

Last month's business climate indicator for the German service sector rose for the third time in succession.

Friday March 22nd

INTERIMS

Imperial Innovations Group, Produce Investment

INTERIM DIVIDEND PAYMENT DATE

Rank Group, SSE, Standard Life Equity Income Trust

QUARTERLY PAYMENT DATE

Bank of America Corp., Virgin Media Inc.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

GMS

Banco Santander SA, Goldplat

FINALS

Judges Scientific, Moss Bros Group, OJSC Magnit GDR (Reg S), Phoenix Group Holdings (DI), Songbird Estates, Tawa

ANNUAL REPORT

Meggitt

AGMS

Banco Santander SA, Elephant Capital, eServGlobal Ltd., Macquarie Korea Infrastructure Fund GDRS, Santander 10te%, SK Telecom Co Ltd. ADS

TRADING ANNOUNCEMENTS

Euromoney Institutional Investor

FINAL DIVIDEND PAYMENT DATE

Brunner Inv Trust, Catlin Group Ltd., easyJet, LPA Group, Silverdell

FINAL EX-DIVIDEND DATE

Jardine Strategic Holdingd Ltd. (Singapore)

RD

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
Share tips of the week
Share tips

Share tips of the week

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
10 Jul 2020