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Risks to German IFO on the downside - RBS

FXStreet (Łódź) - The RBS team of analysts believe that the German business confidence index might decline to a 16-month low of 101.36

Key quotes

"The German IFO survey is released after the September PMIs showed a dip in the manufacturing sector along with a rise in services activity."

"That balance was enough to lift the composite PMI from 53.7 in August, which marks the lowest PMI outturn in 2014, to 54.0."

"Our Economics research colleagues see the risks to the German IFO tomorrow on the downside – the headline index may fall to a 16-month low 101.36 on the back of dips in both the underlying current conditions and expectations components."

"A fall in the expectations component, in line with our view, would mark five consecutive declines in IFO expectations."

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