Ifo Germany Business Expectations

Country:
Germany
EUR, Euro
Sector:
Business
Medium 80.1 74.4
69.4
Last release Importance Actual Forecast
Previous
68.5
80.1
Next release Actual Forecast
Previous
  • Overview
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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 expectations for the next six months (ifo business outlook). They can mark their business expectations for the next six months as "more favourable", "stable" or "less favourable". The balance value of the expectations is the difference between the percentage shares of the answers "more favourable" and "less favourable".

To calculate the index values of the economic outlook, the balances are 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).

A value above expectations is considered favourable for the euro rates, while lower values are considered negative.

Last values:

actual data

forecast

The chart of the entire available history of the "Ifo Germany Business Expectations" 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
80.1
74.4
69.4
Apr 2020
69.4
86.4
79.5
Mar 2020
79.7
93.1
93.1
Feb 2020
93.4
93.3
92.9
Jan 2020
92.9
92.9
93.9
Dec 2019
93.8
91.7
92.3
Nov 2019
92.1
91.1
91.6
Oct 2019
91.5
91
90.9
Sep 2019
90.8
93.1
91.3
Aug 2019
91.3
94.7
92.1
Jul 2019
92.2
95.2
94
Jun 2019
94.2
95.4
95.3
May 2019
95.3
95.4
95.2
Apr 2019
95.2
94.7
95.6
Mar 2019
95.6
94
94
Feb 2019
93.8
95.7
94.3
Jan 2019
94.2
98
97.3
Dec 2018
97.3
99.3
98.7
Nov 2018
98.7
100.4
99.7
Oct 2018
99.8
100.9
Sep 2018
101
101.2
Aug 2018
101.2
98.2
Jul 2018
98.2
98.6
Jun 2018
98.6
98.6
May 2018
98.5
98.7
Apr 2018
98.7
101
Mar 2018
104.4
105.4
Feb 2018
105.4
108.3
Jan 2018
108.4
109.4
Dec 2017
109.5
111
Nov 2017
111
109.2
Oct 2017
109.1
107.5
Sep 2017
107.4
107.8
Aug 2017
107.9
107.3
Jul 2017
107.3
106.8
Jun 2017
106.8
106.5
May 2017
106.5
105.2
Apr 2017
105.2
105.7
Mar 2017
105.7
104.2
Feb 2017
104
103.2
Jan 2017
103.2
105.6
Dec 2016
105.6
105.5
Nov 2016
105.5
105.9
Oct 2016
106.1
104.5
Sep 2016
104.5
100.1
Aug 2016
100.1
102.1
Jul 2016
102.2
103.1
Jun 2016
103.1
101.6
May 2016
101.6
100.5
Apr 2016
100.4
100

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