The Ifo Business Climate Index in Germany fell by 0.5 points from a month earlier to 97.4 in June 2019, the lowest level since November of 2014, and compared with market expectations of 97.2. The business expectations sub-index slumped to 94.2 from a downwardly revised 95.2 in May; while the gauge of current conditions edged up to 100.8 from an upwardly revised 100.7 in the prior month. Sentiment deteriorated among manufacturers (1.5 vs 3.9 in May), service providers (20.0 from 21.0) and constructors (22.9 from 24.3); while confidence among wholesalers & retailers improved (7.9 from 5.4). Business Confidence in Germany averaged 98.14 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 79.90 Index Points in March of 2009.

Business Confidence in Germany is expected to be 97.00 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 103.00 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
2019-03-25 09:00 AM Ifo Business Climate 99.6 98.7 98.5 97.6
2019-04-24 08:00 AM Ifo Business Climate 99.2 99.7 99.9 99.5
2019-05-23 08:00 AM Ifo Business Climate 97.9 99.2 99.1 99.4
2019-06-24 08:00 AM Ifo Business Climate 97.4 97.9 97.2 97
2019-07-25 08:00 AM Ifo Business Climate 97.4 98.2
2019-08-26 08:00 AM Ifo Business Climate 99.5
2019-09-24 08:00 AM Ifo Business Climate 99.1


Germany Business Last Previous Highest Lowest Unit
Business Confidence 97.40 97.90 109.80 79.90 Index Points [+]
Services PMI 55.60 55.40 60.30 41.30 Index Points [+]
Manufacturing PMI 45.40 44.30 63.30 32.00 [+]
Composite Pmi 52.60 52.60 59.00 50.20 Index Points [+]
Industrial Production -1.80 -0.90 15.30 -21.80 percent [+]
Industrial Production Mom -1.90 0.50 4.00 -6.90 percent [+]
Manufacturing Production -3.40 -2.10 15.50 -24.10 percent [+]
Capacity Utilization 85.40 86.30 88.70 70.20 percent [+]
New Orders 102.50 102.00 113.50 8.80 Index Points [+]
Factory Orders 0.30 0.80 27.10 -15.70 percent [+]
Changes in Inventories -3.37 3.08 10.85 -11.30 EUR Billion [+]
Bankruptcies 1582.00 1579.00 3755.00 416.00 Companies [+]
Corporate Profits 192.10 193.12 202.12 91.05 EUR Billion [+]
Zew Economic Sentiment Index -21.10 -2.10 89.60 -63.90 [+]
Car Production 445700.00 414300.00 583399.00 265542.00 Units [+]
Car Registrations 332962.00 310715.00 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 -15.90 -13.60 46.60 -30.40 percent [+]
Steel Production 3358.31 3675.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
97.40 97.90 109.80 79.90 1991 - 2019 Index Points Monthly
2015=100, SA




Country Last Previous
Australia 7.00 May/19
Brazil 56.90 Jun/19
Canada 55.90 May/19
China 49.40 May/19
Euro Area 0.30 May/19
France 104.00 May/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 102.00 May/19
Japan 12.00 Mar/19
Mexico 52.40 May/19
Netherlands 4.70 May/19
Russia -1.00 May/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 76.00 May/19
Spain -3.30 May/19
Switzerland 94.40 May/19
Turkey 102.50 Jun/19
United Kingdom -13.00 Jun/19
United States 52.10 May/19


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