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

The Ifo Business Climate Index for Germany rose to an all-time high of 116.7 in October 2017 from an upwardly revised 115.3 in the previous month and way above market expectations of 115.2. The index of current conditions increased to 124.8 from 123.7 in September and the gauge of future expectations jumped to 109.1 from 107.5. Sentiment improved among manufacturers (30.9 from 28 in September), constructors (19.9 from 18.5) and retailers (16.1 from 7.8), but deteriorated among wholesalers (17.9 from 19.4). Business Confidence in Germany averaged 102.19 from 1991 until 2017, reaching an all time high of 116.70 in October of 2017 and a record low of 83.70 in March of 2009.

Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-25 08:00 AM IFO Business Climate 115.9 116 115.5 115.5
2017-09-25 08:00 AM IFO Business Climate 115.2 115.9 116.0 116.1
2017-10-25 08:00 AM IFO Business Climate 116.7 115.3 115.2 115.5
2017-11-24 09:00 AM IFO Business Climate 116.7 116.5 116.9
2017-12-19 09:00 AM IFO Business Climate 116.51


Germany Business Last Previous Highest Lowest Unit
Business Confidence 116.70 115.30 116.70 83.70 [+]
Services PMI 54.70 55.60 60.30 41.30 Index Points [+]
Manufacturing PMI 60.60 60.60 62.70 32.00 [+]
Composite Pmi 56.60 57.70 57.70 50.20 Index Points [+]
Industrial Production 3.60 4.60 15.30 -22.00 percent [+]
Industrial Production Mom -1.60 2.60 4.00 -6.90 percent [+]
Manufacturing Production 4.30 5.10 15.50 -24.00 percent [+]
Capacity Utilization 87.10 86.70 88.70 70.20 percent [+]
New Orders 121.20 120.00 121.20 9.70 Index Points [+]
Factory Orders 1.00 4.10 27.10 -15.70 percent [+]
Changes in Inventories -5.48 -7.97 9.57 -11.49 EUR Billion [+]
Bankruptcies 1633.00 1732.00 3755.00 416.00 Companies [+]
Corporate Profits 189.11 187.97 192.34 90.99 EUR Billion [+]
Zew Economic Sentiment Index 18.70 17.60 89.60 -63.90 [+]
Car Production 414100.00 522780.00 583399.00 265542.00 Units [+]
Car Registrations 272855.00 288035.00 552865.00 43460.00 Cars [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production 9.30 2.40 46.60 -30.40 percent [+]
Steel Production 3510.00 3628.68 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 5.65 5.57 5.65 5.37 Points [+]
Competitiveness Rank 5.00 5.00 7.00 4.00 [+]
Corruption Index 81.00 81.00 82.70 73.00 Points [+]
Corruption Rank 10.00 10.00 20.00 10.00 [+]
Ease of Doing Business 20.00 17.00 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
116.70 115.30 116.70 83.70 1991 - 2017 Monthly
2005=100, SA




business confidence by Country
Country Last
Australia 8.00 Oct/17
Brazil 56.00 Oct/17
Canada 63.80 Oct/17
China 51.60 Oct/17
Euro Area 1.44 Oct/17
France 111.00 Oct/17
Germany 116.70 Oct/17
India 64.10 Mar/17
Indonesia 112.39 Sep/17
Italy 111.00 Oct/17
Japan 22.00 Sep/17
Mexico 49.44 Oct/17
Netherlands 8.20 Oct/17
Russia -3.00 Oct/17
South Korea 81.00 Oct/17
Spain 2.50 Oct/17
Switzerland 109.10 Oct/17
Turkey 109.50 Oct/17
United Kingdom -11.00 Dec/17
United States 58.70 Oct/17