The Ifo Business Climate indicator for Germany dropped to 97.7 in October 2021, the lowest level since April and slightly below market expectations of 97.9, as supply bottlenecks continued to weigh on Europe's largest economy. Expectations for the coming months were significantly more pessimistic (95.4 vs 97.4 in September), while companies' assessments of their current situation were also less positive (100.1 vs 100.4). Sentiment deteriorated among manufacturers (17.2 vs 20.0), service providers (16.5 vs 19.1), and traders (3.7 vs 9.0). Meanwhile, confidence among constructors improved slightly (12.9 vs 11.1). source: Ifo Institute
Business Confidence in Germany averaged 97.79 points from 1991 until 2021, 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 October of 2021.
Business Confidence in Germany is expected to be 97.10 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 106.00 points in 2022 and 102.00 points in 2023, according to our econometric models.