The Ifo Business Climate Index for Germany rose 0.9 points from a month earlier to 99.6 in March 2019, easily beating market expectations of 98.5. It was the first increase in German business morale in seven months. The gauge of current conditions increased to 103.8 from 103.6 in February and the business expectations sub-index rose to 95.6 from 94. Sentiment improved among service providers (26 vs 21.3), wholesalers & retailers (8.2 vs 4.9) and constructors (20.3 vs 18), while confidence among manufacturers continued to deteriorate (6.6 vs 9.1). Business Confidence in Germany averaged 98.13 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 79.70 Index Points in March of 2009.

Business Confidence in Germany is expected to be 97.60 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 102.60 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
2018-12-18 09:00 AM Ifo Business Climate 101 102 101.8 102.7
2019-01-25 09:00 AM Ifo Business Climate 99.1 101 100.6 101.5
2019-02-22 09:00 AM Ifo Business Climate 98.5 99.3 99 98.5
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 99.6 99.9 99.5
2019-05-23 08:00 AM Ifo Business Climate 99.4
2019-06-24 08:00 AM Ifo Business Climate 100


Germany Business Last Previous Highest Lowest Unit
Business Confidence 99.60 98.70 109.80 79.70 Index Points [+]
Services PMI 55.60 55.40 60.30 41.30 Index Points [+]
Manufacturing PMI 44.50 44.10 63.30 32.00 [+]
Composite Pmi 52.10 51.40 59.00 50.20 Index Points [+]
Industrial Production -0.40 -2.70 15.30 -21.80 percent [+]
Industrial Production Mom 0.70 0.00 4.00 -6.90 percent [+]
Manufacturing Production -1.70 -3.10 15.50 -24.10 percent [+]
Capacity Utilization 86.30 87.10 88.70 70.20 percent [+]
New Orders 101.20 105.50 113.50 8.80 Index Points [+]
Factory Orders -4.20 -2.10 27.10 -15.70 percent [+]
Changes in Inventories 2.94 11.05 11.05 -11.34 EUR Billion [+]
Bankruptcies 1700.00 1366.00 3755.00 416.00 Companies [+]
Corporate Profits 193.03 192.30 201.89 91.05 EUR Billion [+]
Zew Economic Sentiment Index 3.10 -3.60 89.60 -63.90 [+]
Car Production 451400.00 440900.00 583399.00 265542.00 Units [+]
Car Registrations 345523.00 268867.00 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 -14.40 -16.70 46.60 -30.40 percent [+]
Steel Production 3120.00 3410.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
99.60 98.70 109.80 79.70 1991 - 2019 Index Points Monthly
2015=100, SA




Country Last Previous
Australia 0.00 Mar/19
Brazil 61.90 Mar/19
Canada 54.30 Mar/19
China 50.50 Mar/19
Euro Area 0.53 Mar/19
France 102.00 Mar/19
Germany 99.60 Mar/19
India 113.50 Jun/19
Indonesia 104.71 Dec/18
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 51.50 Mar/19
Netherlands 6.10 Mar/19
Russia -2.00 Mar/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 28.00 Mar/19
South Korea 73.00 Mar/19
Spain -2.30 Mar/19
Switzerland 97.40 Mar/19
Turkey 102.10 Mar/19
United Kingdom -23.00 Mar/19
United States 55.30 Mar/19


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