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

The Ifo Business Climate Index for Germany edged down to 115.9 in August 2017 from an all-time high of 116 in the previous month, but above market expectations of 115.5. The index of current conditions dropped to 124.6 from 125.5 in July, while the gauge of future expectations rose further to 107.9 from 107.3. Sentiment worsened among retailers (5.1 from 11 in July) and wholesalers (23.6 from 24.2), but improved among manufacturers (29.9 from 29.5) and constructors (17.3 from 14.4). Business Confidence in Germany averaged 102.10 from 1991 until 2017, reaching an all time high of 116 in July of 2017 and a record low of 83.60 in March of 2009.

Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-26 08:00 AM IFO Business Climate 115.1 114.6 114.4 115.1
2017-07-25 08:00 AM IFO Business Climate 116 115.2 114.9 114.7
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 115.9 116.1
2017-10-25 08:00 AM IFO Business Climate 116.34
2017-11-24 09:00 AM IFO Business Climate 116.42


Germany Business Last Previous Highest Lowest Unit
Business Confidence 115.90 116.00 116.00 83.60 [+]
Services PMI 53.50 53.10 60.30 41.30 Index Points [+]
Manufacturing PMI 59.30 58.10 62.70 32.00 [+]
Composite Pmi 55.80 54.70 57.40 50.20 Index Points [+]
Industrial Production 4.00 2.70 15.30 -22.00 percent [+]
Industrial Production Mom 0.00 -1.10 4.00 -6.90 percent [+]
Manufacturing Production 4.50 2.20 15.50 -24.00 percent [+]
Capacity Utilization 86.70 86.00 88.70 70.20 percent [+]
New Orders 115.00 115.90 119.00 9.70 Index Points [+]
Factory Orders -0.70 0.90 27.10 -15.70 percent [+]
Changes in Inventories -5.48 -7.97 9.57 -11.49 EUR Billion [+]
Bankruptcies 1732.00 1736.00 3755.00 416.00 Companies [+]
Corporate Profits 189.11 187.97 192.34 90.99 EUR Billion [+]
Zew Economic Sentiment Index 17.00 10.00 89.60 -63.90 [+]
Car Production 459900.00 371700.00 583399.00 265542.00 Units [+]
Car Registrations 253679.00 283080.00 552865.00 43460.00 Cars [+]
Competitiveness Index 5.57 5.53 5.57 5.37 Points [+]
Competitiveness Rank 5.00 4.00 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 17.00 14.00 27.00 14.00 [+]
Steel Production 3513.98 3605.14 4744.00 907.00 Thousand Tonnes [+]
Mining Production 0.00 -4.30 46.60 -30.40 percent [+]


Germany Ifo Business Climate Index Notes

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
115.90 116.00 116.00 83.60 1991 - 2017 Monthly
2005=100, SA



business confidence by Country

Last
Australia 5.00 Aug/17
Brazil 52.60 Aug/17
Canada 56.30 Aug/17
China 51.70 Aug/17
Euro Area 1.09 Aug/17
France 111.00 Aug/17
Germany 115.90 Aug/17
India 64.10 Mar/17
Indonesia 111.63 Jun/17
Italy 108.10 Aug/17
Japan 17.00 Jun/17
Mexico 49.08 Aug/17
Netherlands 5.40 Aug/17
Russia -2.00 Aug/17
South Korea 78.00 Aug/17
Spain -0.40 Aug/17
Switzerland 104.10 Aug/17
Turkey 110.70 Aug/17
United Kingdom 5.00 Sep/17
United States 58.80 Aug/17