Germany Ifo Business Climate Index  1991-2017 | Data | Chart | Calendar

The Ifo Business Climate Index for Germany increased to 114.6 in May 2017 from an upwardly revised 113 in the previous month and above market expectations of 113.1. It was the highest reading since the series began in 1991, as the index of current conditions rose further to 123.2 from 121.4 in April, and the gauge of future expectations went up to 106.5 from 105.2. Sentiment improved among manufacturers (26 from 21 in April), constructors (12.8 from 11.5) and wholesalers (20.3 from 19.8) but fell among retailers (11.3 from 13.4). Business Confidence in Germany averaged 101.97 from 1991 until 2017, reaching an all time high of 114.60 in May of 2017 and a record low of 83.50 in March of 2009.

Germany Ifo Business Climate Index
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-27 08:00 AM Mar 112.3 111.1 111 110.7
2017-04-24 08:00 AM Apr 112.9 112.4 112.5 112.5
2017-05-23 08:00 AM May 114.6 113 113.1 113.4
2017-06-26 08:00 AM Jun 114.6 115.40
2017-07-25 08:00 AM Jul 115.98
2017-08-25 08:00 AM Aug 116.59




Germany Business Last Previous Highest Lowest Unit
Business Confidence 114.60 113.00 114.60 83.50 [+]
Manufacturing PMI 59.40 58.20 62.70 32.00 [+]
Services PMI 55.20 55.40 60.30 41.30 Index Points [+]
Composite Pmi 57.30 56.70 57.30 50.20 Index Points [+]
Industrial Production 1.90 2.00 15.30 -22.00 percent [+]
Industrial Production Mom -0.40 1.80 4.00 -6.90 percent [+]
Manufacturing Production 1.40 1.40 15.50 -24.00 percent [+]
Capacity Utilization 86.00 86.00 88.70 70.20 percent [+]
New Orders 115.90 114.70 119.00 9.70 Index Points [+]
Factory Orders 1.00 3.50 27.10 -15.70 percent [+]
Changes in Inventories -3.57 -5.72 9.57 -11.49 EUR Billion [+]
Bankruptcies 1580.00 1664.00 3755.00 416.00 Companies [+]
Corporate Profits 183.83 182.35 194.72 91.01 EUR Billion [+]
Zew Economic Sentiment Index 20.60 19.50 89.60 -63.90 [+]
Car Production 452100.00 557800.00 583399.00 265542.00 Units [+]
Car Registrations 290697.00 359683.00 552865.00 43460.00 Cars [+]
Competitiveness Index 5.57 5.53 5.57 5.37 Points [+]
Competitiveness Rank 5.00 4.00 7.00 4.00 [+]
Ease of Doing Business 17.00 14.00 27.00 14.00 [+]
Corruption Index 81.00 81.00 82.70 73.00 Points [+]
Corruption Rank 10.00 10.00 20.00 10.00 [+]
Steel Production 3882.01 3452.90 4744.00 907.00 Thousand Tonnes [+]
Mining Production -1.00 -1.60 46.60 -30.40 percent [+]


Germany Ifo Business Climate Index Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
114.60 113.00 114.60 83.50 1991 - 2017 Monthly



business confidence by Country

Last
Australia 13.00 Apr/17
Brazil 53.70 May/17
Canada 62.40 Apr/17
China 51.20 Apr/17
Euro Area 1.09 Apr/17
France 109.00 May/17
Germany 114.60 May/17
India 57.20 Jun/16
Indonesia 103.42 Mar/17
Italy 106.90 May/17
Japan 12.00 Mar/17
Mexico 46.70 Apr/17
Netherlands 8.30 Apr/17
Russia -1.00 Apr/17
South Korea 83.00 Apr/17
Spain 0.10 Apr/17
Switzerland 106.00 Apr/17
Turkey 109.20 May/17
United Kingdom 1.00 Jun/17
United States 54.80 Apr/17