Germany’s Ifo index will probably point to a continued recovery

Capital Economics notes as follows ....

• We expect the German Ifo index (09.00 GMT) to have risen for the fourth consecutive month in March, adding to signs that the German recovery continued in Q1. 
  
  
• Admittedly, there is a risk that the Greek crisis has affected activity this month. But industrial production rose at a decent clip in January and previous falls in the euro may now be having a positive effect. 
  
  
• Accordingly, we expect a rise in the BCI (business climate index) to 107.2.