(C) Reuters.
BERLIN (Reuters) – German industrial output will likely tumble in the coming three months, the Ifo institute said on Tuesday as its index for production expectations saw its biggest drop since the survey was first conducted in 1991.
Ifo said that the index dropped to -20.8 points in March from 2.0 and Ifo economist Klaus Wohlrabe said: “We are assuming that this development is still somewhat underestimated, as most of the answers were received by mid-March.”
The German statistics office is due to publish industrial output data for February at 0600 GMT.
Germany’s Ifo: Industrial output expectations post biggest fall since 1991
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.