Ifo Germany Business Climate

Country:
Germany
EUR, Euro
Sector:
Business
High 79.5 80
74.2
Last release Importance Actual Forecast
Previous
76.7
79.5
Next release Actual Forecast
Previous
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The CESifo Group, consisting of the Center for Economic Studies (CES), the ifo Institute and the CESifo GmbH (Munich Society for the Promotion of Economic Research), is a unique research group in Europe in the field of economic research. In the opinion of the Senate of the Leibniz Association, an association of German research institutes of various disciplines based in Berlin, it is one of the leading European economic research institutes. The service spectrum ranges from internationally established service products such as the ifo Business Climate Index to internationally recognized research, the promotion of young scientists and the numerous, widely published contributions to the political debate at national and European level.

The ifo Institute determines the ifo Business Climate Index on a monthly basis. It is based on approximately 7,000 monthly reports from companies in the manufacturing, construction, wholesale and retail sectors. Companies are asked to report their current business situation (ifo current business climate) and their expectations for the next six months (ifo economic outlook). They can label their situation as "good", "satisfactory" or "bad" and their business expectations for the next six months as "more favourable", "stable" or "less favourable". The balance value of the current business situation is the difference between the percentages of the answers "good" and "bad", the balance value of the expectations is the difference between the percentages of the answers "more favourable" and "less favourable". The ifo business climate is then calculated as a transformed mean value from the balances of the business situation and expectations according to the following formula:
ifo Business climate = root{ (situation +200)(expectation+200) } - 200.

For the calculation of the index values of the business climate and its components – situation and expectation – the balances are all increased by 200 and standardized to the average of a base year (currently 2015):
Index value = 100 * (current month balance + 200) / (base year average balance + 200).

For all values, a value above expectations is regarded as favourable for the euro exchange rates, while lower values are regarded as negative.

Last values:

actual data

forecast

The chart of the entire available history of the "Ifo Germany Business Climate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
79.5
80
74.2
Apr 2020
74.3
90.9
85.9
Mar 2020
86.1
95.9
96
Feb 2020
96.1
96
96
Jan 2020
95.9
95.6
96.3
Dec 2019
96.3
94.3
95.1
Nov 2019
95
93.3
94.7
Oct 2019
94.6
93.1
94.6
Sep 2019
94.6
94.6
94.3
Aug 2019
94.3
95.7
95.8
Jul 2019
95.7
96.7
97.5
Jun 2019
97.4
99.3
97.9
May 2019
97.9
99.3
99.2
Apr 2019
99.2
99
99.7
Mar 2019
99.6
98.7
98.7
Feb 2019
98.5
100
99.3
Jan 2019
99.1
101.4
101
Dec 2018
101
102.3
102
Nov 2018
102
103.2
102.9
Oct 2018
102.8
103.7
Sep 2018
103.7
103.8
Aug 2018
103.8
101.7
Jul 2018
101.7
101.8
Jun 2018
101.8
102.3
May 2018
102.2
102.1
Apr 2018
102.1
105.7
Mar 2018
114.7
115.4
Feb 2018
115.4
117.6
Jan 2018
117.6
117.2
Dec 2017
117.2
117.6
Nov 2017
117.5
116.8
Oct 2017
116.7
115.3
Sep 2017
115.2
115.7
Aug 2017
115.9
116
Jul 2017
116
115.2
Jun 2017
115.1
114.6
May 2017
114.6
113
Apr 2017
112.9
112.4
Mar 2017
112.3
111.1
Feb 2017
111
109.8
Jan 2017
109.8
111
Dec 2016
111
110.4
Nov 2016
110.4
110.5
Oct 2016
110.5
109.5
Sep 2016
109.5
106.2
Aug 2016
106.2
108.3
Jul 2016
108.3
108.7
Jun 2016
108.7
107.7
May 2016
107.7
106.7
Apr 2016
106.6
106.7

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