The Ifo Business Climate indicator for Germany rose by 0.9 points from the previous month to 93.4 in September 2020, the highest level since February but below market expectations of 93.8. Companies once again assessed their current situation as better than in the previous month (89.2 vs 87.9 in August), while they also expect their business to recover further in coming months (97.7 vs 97.2) as the economy appeared to stabilize despite rising COVID-19 infection numbers. Sentiment improved among manufacturers (-0.2 vs -5.6), traders (0.3 vs -4.8) and constructors (3.3 vs 0.0), while confidence among service providers deteriorated (6.9 vs 7.7).
Business Confidence in Germany averaged 97.84 points from 1991 until 2020, reaching an all time high of 109.80 points in January of 1991 and a record low of 74.60 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 2020. source: Ifo Institute
Business Confidence in Germany is expected to be 93.00 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 95.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 100.00 points in 2021 and 104.00 points in 2022, according to our econometric models.