The Ifo Business Climate Index for Germany fell one point to 101.0 in December 2018, the lowest reading since December 2016 and well below market expectations of 101.8, amid global trade tensions and Brexit uncertainty. The gauge of current conditions declined to 104.7 from 105.5 in November and the business expectations sub-index dropped to 97.3 from 98.7. Sentiment deteriorated among manufacturers (14.8 vs 17.7 in November), service providers (26.8 vs 30.7), and wholesalers & retailers (9.1 vs 9.8); while morale among constructors was unchanged (at 29.6). Business Confidence in Germany averaged 98.12 Index Points from 1991 until 2018, reaching an all time high of 109.80 Index Points in January of 1991 and a record low of 80.20 Index Points in March of 2009.

Business Confidence in Germany is expected to be 102.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Germany to stand at 103.20 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 100.00 Index Points in 2020, according to our econometric models.

Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-24 08:00 AM Ifo Business Climate 103.7 103.9 103.2 104
2018-10-25 08:00 AM Ifo Business Climate 102.8 103.7 103 103.6
2018-11-26 09:00 AM Ifo Business Climate 102 102.9 102.3 103.2
2018-12-18 09:00 AM Ifo Business Climate 101 102 101.8 102.7
2019-01-25 09:00 AM Ifo Business Climate 101 100.6 101.5
2019-02-22 09:00 AM Ifo Business Climate
2019-03-25 09:00 AM Ifo Business Climate 103


Germany Business Last Previous Highest Lowest Unit
Business Confidence 101.00 102.00 109.80 80.20 Index Points [+]
Services PMI 51.80 53.30 60.30 41.30 Index Points [+]
Manufacturing PMI 51.50 51.80 63.30 32.00 [+]
Composite Pmi 51.60 52.30 59.00 50.20 Index Points [+]
Industrial Production -4.70 0.50 15.30 -21.80 percent [+]
Industrial Production Mom -1.90 -0.80 4.00 -6.90 percent [+]
Manufacturing Production -4.90 0.90 15.50 -24.10 percent [+]
Capacity Utilization 87.10 87.70 88.70 70.20 percent [+]
New Orders 106.30 107.60 113.80 8.80 Index Points [+]
Factory Orders -1.00 0.20 27.10 -15.70 percent [+]
Changes in Inventories 8.73 1.42 9.69 -11.37 EUR Billion [+]
Bankruptcies 1694.00 1490.00 3755.00 416.00 Companies [+]
Corporate Profits 192.30 201.20 201.20 91.05 EUR Billion [+]
Zew Economic Sentiment Index -17.50 -24.10 89.60 -63.90 [+]
Car Production 296000.00 450500.00 583399.00 265542.00 Units [+]
Car Registrations 237058.00 272674.00 552865.00 43460.00 [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production -9.10 -7.90 46.60 -30.40 percent [+]
Steel Production 3450.00 3600.00 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 82.84 82.64 82.84 5.37 Points [+]
Competitiveness Rank 3.00 3.00 7.00 3.00 [+]
Corruption Index 81.00 81.00 82.70 73.00 Points [+]
Corruption Rank 12.00 10.00 20.00 10.00 [+]
Ease of Doing Business 24.00 20.00 27.00 14.00 [+]


Germany Ifo Business Climate Index

In Germany, the IFO Business Climate Index measures entrepreneurs’ sentiment about current business situation and their expectations for the next 6 months. The survey is made by phone and covers 7 000 firms in manufacturing, construction, wholesaling and retailing industry. The Business Climate Balance is constructed as the difference between the percentage share of executives that are optimistic and the share that are pessimistic. This balance can take values between -100 (all responding firms assess their situation as poor and expect business to deteriorate) and +100 (all responding firms assessed their situation as good and expect an improvement in their business). For the calculation of the IFO Business Climate Index, the Balance is normalized to the average of a base year (currently 2005). This page provides the latest reported value for - Germany Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Ifo Business Climate Index - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
101.00 102.00 109.80 80.20 1991 - 2018 Index Points Monthly
2015=100, SA




Country Last Previous
Australia 3.00 Nov/18
Brazil 63.80 Dec/18
Canada 59.70 Dec/18
China 49.40 Dec/18
Euro Area 0.82 Dec/18
France 104.00 Dec/18
Germany 101.00 Dec/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 103.60 Dec/18
Japan 19.00 Dec/18
Mexico 49.20 Dec/18
Netherlands 7.50 Dec/18
Russia -8.00 Dec/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 71.00 Dec/18
Spain -2.70 Dec/18
Switzerland 96.30 Dec/18
Turkey 91.50 Dec/18
United Kingdom -16.00 Dec/18
United States 54.10 Dec/18


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