Gavekal Capital: Expectations Take a Dive

Tuesday, March 25, 2014

Expectations Take a Dive

While the Ifo business climate appears to be hanging in there, the expectations component (light blue line)-- for trade and industry as well as services-- fell back quite a bit in March (not unlike the results of the ZEW Survey published last week):

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By sector, none of those surveyed indicated a positive change in the general business climate:

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