IFO business climate. Germany, 10:00 (GMT+2) 24 May

24May.202309:00

IFO business climate. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2), the May German business climate index from the Institute for Economic Research (IFO) will be published, based on a survey of 7.0K heads of manufacturing, construction, wholesale, and retail trade enterprises. The indicator is expected to correct from 93.6 points to 93.0 points.

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24 May. 2023 09:00

Business expectations. Germany, 10:00 (GMT+2)

At 10:00 (GMT+2) May index of business expectations in Germany will be published, which measures business sentiment and business conditions in the country through a survey of representatives of 7.0K companies. It is expected that in May, the value will decrease from the current 92.2 points to 91.9 points, which may put pressure on the position of the European currency.

24 May. 2023 11:00

CBI industrial trends orders. UK, 12:00 (GMT+2)

At 12:00 (GMT+2), May data on the industrial orders index from the Confederation of British Industrialists (CBI) will be published in the UK. The indicator is based on a survey of representatives of leading British enterprises and is an important indicator of the state of business in the country. It is predicted that the negative dynamics will continue from –20.0 points to –19.0 points, which, in turn, will act as a catalyst for the decline of the pound.

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