The Ifo Business Climate indicator for Germany rose by 1.8 points from the previous month to 86.3 in November 2022, the highest in three months and above market consensus of 85.0. Expectations for the coming months were significantly less pessimistic and were at three-month highs (80.0 vs 75.9 in October), with export expectations in industry rising just into positive territory. Also, more than half of the companies were concerned about supply bottlenecks, a number that was below October's level, while the pressure to increase prices fell with only 46.8% of the companies wanting to raise prices in the coming three months. On the other hand, the companies' assessments of their current situation deteriorated to the lowest level since February 2021 (93.1 vs 94.2). source: Ifo Institute
Business Confidence in Germany averaged 97.57 points from 1991 until 2022, 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 November of 2022.
Business Confidence in Germany is expected to be 76.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 83.00 points in 2023 and 95.00 points in 2024, according to our econometric models.