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.