The Ifo Business Climate Index for Germany fell to 102.8 in October of 2018 from 103.7 in September and slightly below market expectations of 103. The gauge of current conditions went down to 105.9 from 106.6 and the business expectations sub-index also fell to 99.8 from 100.9. Sentiment deteriorated among manufacturers (19.2 from 23.3 in September), service providers (31.4 from 32.7), wholesalers & retailers (10.1 from 11.7) but rose among constructors (32.7 from 31.8). Business Confidence in Germany averaged 98.10 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 80.10 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.


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Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-27 08:00 AM Ifo Business Climate 103.8 101.7 101.9 102.5
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 102.8 103.2
2018-12-18 09:00 AM Ifo Business Climate 102.7


Germany Business Last Previous Highest Lowest Unit
Business Confidence 102.80 103.70 109.80 80.10 Index Points [+]
Services PMI 54.70 55.90 60.30 41.30 Index Points [+]
Manufacturing PMI 52.20 53.70 63.30 32.00 [+]
Composite Pmi 53.40 55.00 59.00 50.20 Index Points [+]
Industrial Production 0.80 0.20 15.30 -21.80 percent [+]
Industrial Production Mom 0.20 0.10 4.00 -6.90 percent [+]
Manufacturing Production 0.20 -0.50 15.50 -24.10 percent [+]
Capacity Utilization 87.10 87.70 88.70 70.20 percent [+]
New Orders 107.50 106.70 113.80 8.80 Index Points [+]
Factory Orders 0.30 2.50 27.10 -15.70 percent [+]
Changes in Inventories 3.19 -2.92 9.68 -11.34 EUR Billion [+]
Bankruptcies 1616.00 1641.00 3755.00 416.00 Companies [+]
Corporate Profits 201.20 198.20 201.20 91.05 EUR Billion [+]
Zew Economic Sentiment Index -24.10 -24.70 89.60 -63.90 [+]
Car Production 442500.00 401800.00 583399.00 265542.00 Units [+]
Car Registrations 252628.00 200134.00 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 -12.70 -10.30 46.60 -30.40 percent [+]
Steel Production 3775.00 3900.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
102.80 103.70 109.80 80.10 1991 - 2018 Index Points Monthly
2015=100, SA




Country Last
Australia 4.00 Oct/18
Brazil 53.70 Oct/18
Canada 61.80 Oct/18
China 50.20 Oct/18
Euro Area 1.01 Oct/18
France 104.00 Oct/18
Germany 102.80 Oct/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.90 Oct/18
Japan 19.00 Sep/18
Mexico 50.70 Oct/18
Netherlands 5.90 Oct/18
Russia -5.00 Oct/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 38.00 Sep/18
South Korea 71.00 Oct/18
Spain -2.50 Oct/18
Switzerland 100.10 Oct/18
Turkey 87.60 Oct/18
United Kingdom -16.00 Dec/18
United States 57.70 Oct/18


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