The Ifo Business Climate indicator for Germany dropped to 90.7 in November 2020 from a downwardly revised 92.5 in the previous month, still remaining above market expectations of 90.1. Companies became more pessimistic regarding developments over the coming months following the imposition of tougher restriction measures to curb the spread of the COVID-19 pandemic, while their assessments of the current situation were also a little worse. Sentiment deteriorated among service providers (-3.1 vs 3.8 in October), traders (-4.0 vs -0.2) and constructors (-0.1 vs 0.3). Meanwhile, confidence among manufacturers improved slightly (3.5 vs 1.5). source: Ifo Institute
Business Confidence in Germany averaged 97.81 points from 1991 until 2020, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.40 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 November of 2020.
Business Confidence in Germany is expected to be 90.00 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 97.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 100.00 points in 2021 and 104.00 points in 2022, according to our econometric models.