The Ifo Business Climate indicator for Germany rose to 99.2 in May 2021, from the previous month's revised figure of 96.6 and above market expectations of 98.2. Business morale was at the highest level since May 2019, as companies were more satisfied with their current business situation (95.7 vs 94.2 in April), and were also more optimistic regarding the coming months (102.9 vs 99.2). In the service sector, the index climbed to 13.7, its highest value since February 2020 on the back of much more optimistic expectations; while in the trade sector, it jumped to 8.4, the highest since April 2019, as businesses were more satisfied with their current situation. Sentiment improved also among manufacturers (25.7 vs 25.1 in April) and constructors (2.8 vs 0.7). source: Ifo Institute
Business Confidence in Germany averaged 97.76 points from 1991 until 2021, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.60 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Business Confidence in Germany is expected to be 99.00 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 101.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 106.00 points in 2022 and 102.00 points in 2023, according to our econometric models.