Prior 88.6Current conditions 87.1 vs 88.5 expectedPrior 88.3Expectations 86.9 vs 89.0 expectedPrior 89.0; revised to 88.8
The data from the euro area this week has been rather poor to say the least. The readings here reaffirm softer business conditions in the German economy, alongside a worsening outlook as well. Again, if the economy is the one calling the shots, there is a strong case for a September rate cut. Now, it’s up to inflation data to play ball.
This article was written by Justin Low at www.forexlive.com.
