The Ifo Business Climate indicator for Germany rose to 96.8 in April 2021, little-changed from the previous month's 96.6 and below market expectations of 97.8. Still, the latest reading was the highest since June 2019 and signaled an improvement in business morale, as companies raised their assessments of the current business situation once again (94.1 vs 93.1 in March). On the other hand, they were no longer quite so optimistic about the coming six months (99.5 vs 100.3), as both the third wave of infections and bottlenecks in intermediate products hit economic recovery. Sentiment improved among manufacturers (25.3 vs 24.0) and traders (-0.5 vs -1.4), but deteriorated among service providers (3.5 vs 6.6) and constructors (0.4 vs 2.4). 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 75.70 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 May of 2021.
Business Confidence in Germany is expected to be 99.00 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 104.00 points in 2022 and 102.00 points in 2023, according to our econometric models.