The Ifo Business Climate Index for Germany fell 0.8 points from a month earlier to 98.5 in February 2019, the lowest reading since December 2014 and below market expectations of 99, amid global trade tensions and Brexit uncertainty. The gauge of current conditions declined to 103.4 from 104.5 in January and the business expectations sub-index dropped to 93.8 from 94.3. Sentiment deteriorated among manufacturers (9 vs 11.3 in January), service providers (21.1 vs 24.8) and constructors (18.1 vs 19.9), while confidence among wholesalers & retailers improved (4.9 vs 4.7). Business Confidence in Germany averaged 98.13 Index Points from 1991 until 2019, reaching an all time high of 109.80 Index Points in January of 1991 and a record low of 80.30 Index Points in March of 2009.

Business Confidence in Germany is expected to be 97.60 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 102.60 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 102.00 Index Points in 2020, according to our econometric models.

Germany Ifo Business Climate Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-26 09:00 AM Ifo Business Climate 102 102.9 102.3 103.2
2018-12-18 09:00 AM Ifo Business Climate 101 102 101.8 102.7
2019-01-25 09:00 AM Ifo Business Climate 99.1 101 100.6 101.5
2019-02-22 09:00 AM Ifo Business Climate 98.5 99.3 99 98.5
2019-03-25 09:00 AM Ifo Business Climate 98.5 97.6
2019-04-24 08:00 AM Ifo Business Climate 98
2019-05-23 08:00 AM Ifo Business Climate 99.4


Germany Business Last Previous Highest Lowest Unit
Business Confidence 98.50 99.30 109.80 80.30 Index Points [+]
Services PMI 55.30 53.00 60.30 41.30 Index Points [+]
Manufacturing PMI 47.60 49.70 63.30 32.00 [+]
Composite Pmi 52.80 52.10 59.00 50.20 Index Points [+]
Industrial Production -3.30 -2.70 15.30 -21.80 percent [+]
Industrial Production Mom -0.80 0.80 4.00 -6.90 percent [+]
Manufacturing Production -4.00 -4.60 15.50 -24.10 percent [+]
Capacity Utilization 86.30 87.10 88.70 70.20 percent [+]
New Orders 105.50 105.60 113.50 8.80 Index Points [+]
Factory Orders -2.60 0.90 27.10 -15.70 percent [+]
Changes in Inventories 2.94 11.05 11.05 -11.34 EUR Billion [+]
Bankruptcies 1694.00 1490.00 3755.00 416.00 Companies [+]
Corporate Profits 193.03 192.30 201.89 91.05 EUR Billion [+]
Zew Economic Sentiment Index -3.60 -13.40 89.60 -63.90 [+]
Car Production 440900.00 367300.00 583399.00 265542.00 Units [+]
Car Registrations 268867.00 265702.00 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 -8.70 -10.10 46.60 -30.40 percent [+]
Steel Production 3410.00 3230.00 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 80.00 81.00 82.70 73.00 Points [+]
Corruption Rank 11.00 12.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
98.50 99.30 109.80 80.30 1991 - 2019 Index Points Monthly
2015=100, SA




Country Last Previous
Australia 2.00 Feb/19
Brazil 64.50 Feb/19
Canada 50.60 Feb/19
China 49.20 Feb/19
Euro Area 0.69 Feb/19
France 103.00 Feb/19
Germany 98.50 Feb/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 101.70 Feb/19
Japan 19.00 Dec/18
Mexico 51.30 Feb/19
Netherlands 6.30 Feb/19
Russia -2.00 Feb/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 69.00 Feb/19
Spain -4.90 Feb/19
Switzerland 92.40 Feb/19
Turkey 97.20 Feb/19
United Kingdom -23.00 Mar/19
United States 54.20 Feb/19


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