The Ifo Business Climate indicator for Germany fell to 92.3 in June of 2022 from a 3-month high of 93 in the previous month, below market expectations of 92.9 as the threat of gas shortages is of great concern to the German economy. The index of the current situation went down to 99.3 in June from 99.6 the prior month, while the gauge assessing companies' expectations decreased to 85.8 from 86.9. Manufacturing companies assessed the current situation as slightly less good and are considerably more pessimistic about the second half of the year. The chemical industry is thoroughly alarmed. In trade, businesses are much less satisfied with their current situation and the index of their expectations fell to its lowest level since April 2020. Wholesalers and retailers are equally troubled when they look to the coming months. On the other hand, the business climate continued to climb in construction and in the service sector. source: Ifo Institute

Business Confidence in Germany averaged 97.72 points from 1991 until 2022, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.50 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 June of 2022.

Business Confidence in Germany is expected to be 92.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 102.00 points in 2023 and 104.00 points in 2024, according to our econometric models.

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Germany Ifo Business Climate Index



Calendar GMT Actual Previous Consensus TEForecast
2022-05-23 08:00 AM May 93 91.9 91.4 92.1
2022-06-24 08:00 AM Jun 92.3 93 92.9 92.5
2022-07-25 08:00 AM Jul 92.3 93


Related Last Previous Unit Reference
Business Confidence 92.30 93.00 points Jun 2022
Capacity Utilization 85.50 85.60 percent Jun 2022
Ifo Expectations 85.80 86.90 points Jun 2022
Ifo Current Conditions 99.30 99.60 points Jun 2022

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 9,000 firms in manufacturing, the service sector, trade and construction. 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 2015).
Actual Previous Highest Lowest Dates Unit Frequency
92.30 93.00 109.80 75.50 1991 - 2022 points Monthly
2015=100, SA

News Stream
German Business Climate Drops More than Expected
The Ifo Business Climate indicator for Germany fell to 92.3 in June of 2022 from a 3-month high of 93 in the previous month, below market expectations of 92.9 as the threat of gas shortages is of great concern to the German economy. The index of the current situation went down to 99.3 in June from 99.6 the prior month, while the gauge assessing companies' expectations decreased to 85.8 from 86.9. Manufacturing companies assessed the current situation as slightly less good and are considerably more pessimistic about the second half of the year. The chemical industry is thoroughly alarmed. In trade, businesses are much less satisfied with their current situation and the index of their expectations fell to its lowest level since April 2020. Wholesalers and retailers are equally troubled when they look to the coming months. On the other hand, the business climate continued to climb in construction and in the service sector.
2022-06-24
Germany Business Climate at 3-Month High
The Ifo Business Climate indicator for Germany unexpectedly rose to a 3-month high of 93 in May of 2022 from an upwardly revised 91.9 in April, above market expectations of 91.4. Both current conditions (99.5 vs 97.3 in April) and expectations (86.9 vs 86.8) improved. There are no signs of a recession at the moment in Germany, Europe's largest economy, though demand for industrial products has waned significantly and supply issues persist in industry and retail, according to Ifo economists.
2022-05-23
German Business Morale Unexpectedly Rises in April
The Ifo Business Climate indicator for Germany rose to 91.8 in April of 2022 from March’s 14-month low of 90.8, beating market expectations of 89.1 as companies were less pessimistic after the initial shock of the war in Ukraine. Both current conditions (97.2 vs 97.1) and expectations (86.7 vs 84.9) improved. Supply chain problems remain a major problem for industry, with 75% of companies reporting problems, and three out of four retailers want to raise prices. Germany's economy appears resilient after the first shock following the war in Ukraine, according to Ifo economists.
2022-04-25