Germany Ifo Business Climate Index  1991-2018 | Data | Chart | Calendar

The Ifo Business Climate Index for Germany was flat at 102.2 in May of 2018, the same as an upwardly revised 102.2 in April but missing market expectations of 102.7. Still, the declining trend stopped following five consecutive months of drops in the index. The index of current conditions rose to 106 from 105.8, in line with forecasts. The gauge of future expectations declined to 98.5 from 98.7 and well below expectations of 99.5. Sentiment improved for service providers (26.9 from 26), traders (14.4 from 10.3) and constructors (20.3 from 19.6) but worsened for manufacturers (24 from 24.2). Business Confidence in Germany averaged 98.02 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 79.80 Index Points in March of 2009.

Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-22 09:00 AM Ifo Business Climate 114.7 115.4 114.8 114.9
2018-04-24 08:00 AM Ifo Business Climate 102.1 103.3 102.7 105
2018-05-25 08:00 AM Ifo Business Climate 102.2 102.2 102.7 101.9
2018-06-25 08:00 AM Ifo Business Climate 102.2 101.5
2018-07-25 08:00 AM Ifo Business Climate 102.2
2018-08-27 08:00 AM Ifo Business Climate 102.5


Germany Business Last Previous Highest Lowest Unit
Business Confidence 102.20 102.20 109.80 79.80 Index Points [+]
Services PMI 52.10 53.00 60.30 41.30 Index Points [+]
Manufacturing PMI 56.80 58.10 63.30 32.00 [+]
Composite Pmi 53.10 54.60 59.00 50.20 Index Points [+]
Industrial Production 3.20 2.20 15.30 -21.80 percent [+]
Industrial Production Mom 1.00 -1.70 4.00 -6.90 percent [+]
Manufacturing Production 4.10 2.80 15.50 -24.10 percent [+]
Capacity Utilization 87.70 87.90 88.70 70.20 percent [+]
New Orders 108.80 109.80 114.00 8.80 Index Points [+]
Factory Orders -0.90 -0.20 27.10 -15.70 percent [+]
Changes in Inventories -5.90 -5.25 9.62 -11.40 EUR Billion [+]
Bankruptcies 1624.00 1608.00 3755.00 416.00 Companies [+]
Corporate Profits 191.47 193.16 193.16 90.99 EUR Billion [+]
Zew Economic Sentiment Index -8.20 -8.20 89.60 -63.90 [+]
Car Production 487600.00 523600.00 583399.00 265542.00 Units [+]
Car Registrations 314055.00 347433.00 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 -10.00 -6.10 46.60 -30.40 percent [+]
Steel Production 3900.00 3340.00 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 12.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
102.20 102.20 109.80 79.80 1991 - 2018 Index Points Monthly
2015=100, SA




business confidence by Country
Country Last
Australia 10.00 Apr/18
Brazil 55.50 May/18
Canada 71.50 Apr/18
China 51.40 Apr/18
Euro Area 1.35 Apr/18
France 109.00 May/18
Germany 102.20 May/18
India 59.70 Dec/17
Indonesia 106.28 Mar/18
Italy 107.70 Apr/18
Japan 24.00 Mar/18
Mexico 50.00 Apr/18
Netherlands 8.20 Apr/18
Russia -2.00 Apr/18
South Korea 77.00 Apr/18
Spain 5.50 Apr/18
Switzerland 105.30 Apr/18
Turkey 109.90 May/18
United Kingdom -4.00 Jun/18
United States 57.30 Apr/18


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