Ifo Germany Current Business Situation

Country:
Germany
EUR, Euro
Sector:
Business
Medium 99.3 98.4
99.6
Last release Importance Actual Forecast
Previous
99.5
99.3
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 mark their situation and the current business climate with "good", "satisfactory" or "bad". The balance value of the current business situation is the difference between the percentages of the answers "good" and "bad".

To calculate the index values of the business climate, 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 smaller values are considered 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
Jun 2022
99.3
98.4
99.6
May 2022
99.5
97.2
97.3
Apr 2022
97.2
97.9
97.1
Mar 2022
97.0
97.4
98.6
Feb 2022
98.6
96.6
96.2
Jan 2022
96.1
98.0
96.9
Dec 2021
96.9
99.6
99.0
Nov 2021
99.0
100.3
100.2
Oct 2021
100.1
101.0
100.4
Sep 2021
100.4
101.0
101.4
Aug 2021
101.4
100.1
100.4
Jul 2021
100.4
97.7
99.7
Jun 2021
99.6
95.0
95.7
May 2021
95.7
93.6
94.2
Apr 2021
94.1
91.8
93.1
Mar 2021
93.0
89.9
90.6
Feb 2021
90.6
90.3
89.2
Jan 2021
89.2
90.7
91.3
Dec 2020
91.3
90.2
90.0
Nov 2020
90.0
89.8
90.4
Oct 2020
90.3
88.6
89.2
Sep 2020
89.2
86.2
87.9
Aug 2020
87.9
82.9
84.5
Jul 2020
84.5
80.0
81.3
Jun 2020
81.3
79.1
78.9
May 2020
78.9
86.2
79.4
Apr 2020
79.5
96.0
92.9
Mar 2020
93.0
99.1
99.0
Feb 2020
98.9
99.0
99.2
Jan 2020
99.1
98.4
98.8
Dec 2019
98.8
97.9
98.0
Nov 2019
97.9
98.2
97.8
Oct 2019
97.8
98.0
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
107.0
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
106.0
105.7

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