Ifo Germany Current Business Situation

Country:
Germany
EUR, Euro
Sector:
Business
Medium 78.9 86.2
79.4
Last release Importance Actual Forecast
Previous
79.1
78.9
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 Current Business Situation" 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
78.9
86.2
79.4
Apr 2020
79.5
96
92.9
Mar 2020
93
99.1
99
Feb 2020
98.9
99
99.2
Jan 2020
99.1
98.4
98.8
Dec 2019
98.8
97.9
98
Nov 2019
97.9
98.2
97.8
Oct 2019
97.8
98
98.6
Sep 2019
98.5
100.2
97.3
Aug 2019
97.3
100.8
99.6
Jul 2019
99.4
98.7
101.1
Jun 2019
100.8
100.9
100.6
May 2019
100.6
100.9
103.3
Apr 2019
103.3
108.7
103.9
Mar 2019
103.8
103.2
103.6
Feb 2019
103.4
107
104.5
Jan 2019
104.3
97.9
104.9
Dec 2018
104.7
102.6
105.5
Nov 2018
105.4
111.2
106.1
Oct 2018
105.9
106.6
Sep 2018
106.4
106.4
Aug 2018
106.4
105.3
Jul 2018
105.3
105.1
Jun 2018
105.1
106.1
May 2018
106
105.7
Apr 2018
105.7
110.6
Mar 2018
125.9
126.3
Feb 2018
126.3
127.8
Jan 2018
127.7
125.5
Dec 2017
125.4
124.5
Nov 2017
124.4
124.8
Oct 2017
124.8
123.7
Sep 2017
123.6
124.7
Aug 2017
124.6
125.5
Jul 2017
125.4
124.2
Jun 2017
124.1
123.3
May 2017
123.2
121.4
Apr 2017
121.1
119.5
Mar 2017
119.3
118.4
Feb 2017
118.4
116.9
Jan 2017
116.9
116.6
Dec 2016
116.6
115.6
Nov 2016
115.6
115.1
Oct 2016
115
114.7
Sep 2016
114.7
112.8
Aug 2016
112.8
114.8
Jul 2016
114.7
114.6
Jun 2016
114.5
114.2
May 2016
114.2
113.2
Apr 2016
113.2
113.8

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