The Ifo Business Climate indicator for Germany rose to 92.4 in February 2021, up from an upwardly revised 90.3 in the previous month and above market expectations of 90.5. Companies became less pessimistic regarding developments over the coming months (94.2 vs 91.5 in January), while their assessments of the current situation were also a little better (90.6 vs 89.2). Sentiment improved among manufacturers (16.1 vs 9.1 in January), service providers (-2.2 vs -4.4), traders (-14.6 vs -17.2) and constructors (-3.6 vs -4.9). source: Ifo Institute
Business Confidence in Germany averaged 97.76 points from 1991 until 2021, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.60 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 February of 2021.
Business Confidence in Germany is expected to be 94.00 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 100.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 104.00 points in 2022, according to our econometric models.