The Ifo Business Climate Index in Germany fell to 95.9 in January 2020 from 96.3 in the previous month and missing market expectations of 97. The business expectations sub-index dropped to 92.9 from 93.9 in December; while the gauge of current conditions rose to 99.1 from 98.8 in the prior month. Across sectors, sentiment deteriorated among service providers (18.7 vs 21.3) and constructors (14 vs 17.9), but improved among traders (2.2 vs 0.0) and manufacturers (-1.6 vs -5.0).
Business Confidence in Germany averaged 98.08 points from 1991 until 2020, reaching an all time high of 109.80 points in January of 1991 and a record low of 80.10 points in March of 2009. 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. source: Ifo Institute
Business Confidence in Germany is expected to be 95.00 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 101.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 102.00 points in 2020, according to our econometric models.