IFO - Business Climate
Date Actual Forecast Prev
24-04-24 08:00 89.4 88.9 87.9 (87.8)
22-03-24 09:00 87.8 86 85.5
23-02-24 09:00 85.5 85.5 85.2
25-01-24 09:00 85.2 86.7 86.3 (86.4)
18-12-23 09:00 86.4 87.8 87.2 (87.3)
24-11-23 09:00 87.3 87.5 86.9
25-10-23 08:00 86.9 85.9 85.8 (85.7)
25-09-23 08:00 85.7 85.2 85.8 (85.7)
25-08-23 08:00 85.7 86.7 87.4 (87.3)
25-07-23 08:00 87.3 88 88.6 (88.5)
26-06-23 08:00 88.5 90.7 91.5 (91.7)
24-05-23 08:00 91.7 93 93.4 (93.6)
24-04-23 08:00 93.6 94 93.2 (93.3)
27-03-23 08:00 93.3 91 91.1
22-02-23 09:00 91.1 91.2 90.1 (90.2)
25-01-23 09:00 90.2 90.2 88.6
19-12-22 09:00 88.6 87.4 86.4 (86.3)
24-11-22 09:00 86.3 85 84.5 (84.3)
25-10-22 08:00 84.3 83.3 84.4 (84.3)
26-09-22 08:00 84.3 87 88.6 (88.5)
25-08-22 08:00 88.5 86.8 88.7 (88.6)
25-07-22 08:00 88.6 90.2 92.2 (92.3)
24-06-22 08:00 92.3 92.9 93
23-05-22 08:00 93 91.4 91.9 (91.8)
25-04-22 08:00 91.8 89.1 90.8
25-03-22 09:00 90.8 94.2 98.5 (98.9)
22-02-22 09:00 98.9 96.5 96 (95.7)
25-01-22 09:00 95.7 94.7 94.8 (94.7)
17-12-21 09:00 94.7 95.3 96.6 (96.5)
24-11-21 09:00 96.5 96.6 97.7
25-10-21 08:00 97.7 97.9 98.9 (98.8)
24-09-21 08:00 98.8 98.9 99.6 (99.4)
25-08-21 08:00 99.4 100.4 100.7 (100.8)
26-07-21 08:00 100.8 102.1 101.7 (101.8)
24-06-21 08:00 101.8 100.6 99.2
25-05-21 08:00 99.2 98.2 96.6 (96.8)
26-04-21 08:00 96.8 97.8 96.6
26-03-21 09:00 96.6 92.4
22-02-21 09:00 92.4 90.1
25-01-21 09:00 90.1 92.1
18-12-20 09:00 92.1 90.7
24-11-20 09:00 90.7 92.7
26-10-20 09:00 92.7 93.4
24-09-20 08:00 93.4 92.6
25-08-20 08:00 92.6 90.5
27-07-20 08:00 90.5 86.2
24-06-20 08:00 86.2 79.5
25-05-20 08:00 79.5 74.2 (74.3)
24-04-20 08:00 74.3 86.1
25-03-20 09:00 86.1 87.7 96
19-03-20 09:00 87.7 96.1 (96)
24-02-20 09:00 96.1 95.3 96.0 (95.9)
27-01-20 09:00 95.9 97 96.3
18-12-19 09:00 96.3 95.5 95.1 (95.0)
25-11-19 09:00 95.0 95.0 94.7 (94.6)
25-10-19 08:00 94.6 94.5 94.6
24-09-19 08:00 94.6 94.4 94.3
26-08-19 08:00 94.3 95.1 95.8 (95.7)
25-07-19 08:00 95.7 97.1 97.5 (97.4)
24-06-19 08:00 97.4 97.3 97.9
23-05-19 08:00 97.9 99.1 99.2
24-04-19 08:00 99.2 99.9 99.7 (99.6)
25-03-19 09:00 99.6 98.7 98.7 (98.5)
22-02-19 09:00 98.5 99 99.3 (99.1)
25-01-19 09:00 99.1 100.6 101
18-12-18 09:00 101 101.8 102
26-11-18 09:00 102 102.3 102.9 (102.8)
25-10-18 08:00 102.8 103 103.7
24-09-18 08:00 103.7 103.2 103.9 (103.8)
27-08-18 08:00 103.8 101.9 101.7
25-07-18 08:00 101.7 101.5 101.8
25-06-18 08:00 101.8 101.7 102.3 (102.2)
25-05-18 08:00 102.2 102.7 102.2 (102.1)
24-04-18 08:00 102.1 102.7 103.3 (105.7)
22-03-18 09:00 114.7 114.8 115.4
22-02-18 09:00 115.4 117.1 117.6
25-01-18 09:00 117.6 117.1 117.2
19-12-17 09:00 117.2 117.5 117.6 (117.5)
24-11-17 09:00 117.5 116.6 116.8 (116.7)
25-10-17 08:00 116.7 115.2 115.3 (115.2)
25-09-17 08:00 115.2 116.0 115.9 (115.7)
25-08-17 08:00 115.9 115.5 116
25-07-17 08:00 116 114.9 115.2 (115.1)
26-06-17 08:00 115.1 114.4 114.6
23-05-17 08:00 114.6 113.1 113 (112.9)
24-04-17 08:00 112.9 112.5 112.4 (112.3)
27-03-17 08:00 112.3 111 111.1 (111)
22-02-17 09:00 111 109.6 109.9 (109.8)
25-01-17 09:00 109.8 111.3 111
19-12-16 09:00 111 110.7 110.4
24-11-16 09:00 110.4 110.5 110.4 (110.5)
25-10-16 08:00 110.5 109.5 109.5
26-09-16 08:00 109.5 106.4 106.3 (106.2)
25-08-16 08:00 106.2 108.5 108.3
25-07-16 08:00 108.3 107.5 108.7
24-06-16 08:00 108.7 107.5 107.8 (107.7)
25-05-16 08:00 107.7 106.8 106.7 (106.6)
25-04-16 08:00 106.6 107 106.7
22-03-16 09:00 106.7 106 105.7
23-02-16 09:00 105.7 106.7 107.3
25-01-16 09:00 107.3 108.4 108.6 (108.7)
17-12-15 09:00 108.7 109 109
24-11-15 09:00 109 108.2 108.2
26-10-15 09:00 108.2 107.8 108.5
24-09-15 08:00 108.5 108 108.4 (108.3)
25-08-15 08:00 108.3 107.7 108
27-07-15 08:00 108 107.2 107.5 (107.4)
24-06-15 08:00 107.4 108.1 108.5
22-05-15 08:00 108.5 108.3 108.6
24-04-15 08:00 108.6 108.5 107.9
25-03-15 09:00 107.9 107.4 106.8
23-02-15 09:00 106.8 107.4 106.7
26-01-15 09:00 106.7 106.2 105.5
18-12-14 09:00 105.5 105.6 104.7
24-11-14 09:00 104.7 103.0 103.2
27-10-14 09:00 103.2 104.6 104.7
24-09-14 08:00 104.7 105.9 106.3
25-08-14 08:00 106.3 107.1 108.0
25-07-14 08:00 108.0 109.6 109.7
24-06-14 08:00 109.7 110.3 110.4
23-05-14 08:00 110.4 111.0 111.2
24-04-14 08:00 111.2 110.5 110.7
25-03-14 09:00 110.7 110.9 111.3
24-02-14 09:00 111.3 110.7 110.6
27-01-14 09:00 110.6 110.2 109.5
18-12-13 09:00 109.5 109.7 109.3
22-11-13 09:00 109.3 107.9 107.4
25-10-13 08:00 107.4 108.2 107.7
24-09-13 08:00 107.7 108.4 107.6 (107.5)
27-08-13 08:00 107.5 107.1 106.2
25-07-13 08:00 106.2 106.3 105.9
24-06-13 08:00 105.9 106.0 105.7
24-05-13 08:00 105.7 104.6 104.4
24-04-13 08:00 104.4 106.4 106.7
22-03-13 09:00 106.7 107.8 107.4
22-02-13 09:00 107.4 104.9 104.2
25-01-13 09:00 104.2 103.1 102.4
19-12-12 09:00 102.4 101.9 101.4
23-11-12 09:00 101.4 99.6 100.0
24-10-12 08:00 100.0 101.7 101.4
24-09-12 08:00 101.4 102.7 102.3
27-08-12 08:00 102.3 102.8 103.3
25-07-12 08:00 103.3 104.8 105.3
22-06-12 08:00 105.3 106.2 106.9
24-05-12 08:00 106.9 109.5 109.9
20-04-12 08:00 109.9 109.6 109.8
26-03-12 08:00 109.8 109.7 109.6
23-02-12 09:00 109.6 108.6 108.3
25-01-12 09:00 108.3 107.7 107.2
20-12-11 09:00 107.2 106.2 106.6
24-11-11 09:00 106.6 105.5 106.4
21-10-11 08:00 106.4 106.3 107.5
26-09-11 08:00 107.5 107.0 108.7
24-08-11 08:00 108.7 111.0 112.9
22-07-11 08:00 112.9 113.6 114.5
24-06-11 08:00 114.5 114.2
24-05-11 08:00 114.2 113.8 114.2
21-04-11 08:00 110.4 111.0 111.1
25-03-11 09:00 111.1 110.5 111.2
21-02-11 09:00 111.2 110.5 110.3
21-01-11 09:00 110.3 109.9
17-12-10 09:00 109.9 109.0 109.3
24-11-10 09:00 109.3 107.6 107,6
22-10-10 08:00 107.6 106.5 106.8
24-09-10 08:00 106.8 106.4 106.7
25-08-10 11:00 106.7 105.8 106.2
23-07-10 11:00 106.2 101.5 101.8
22-06-10 11:00 101.8 101.2 101.5
21-05-10 11:00 101.5 101.9 101.6
23-04-10 11:00 101.6 98.8 98.2
24-03-10 11:00 98.1 95.8 95.2
23-02-10 11:00 95.2 96.2 95.8
26-01-10 11:00 95.8 95.2 94.6
18-12-09 11:00 94.7 94.6 93.9
24-11-09 11:00 93.9 92.6 91.9
23-10-09 11:00 91.9 92.1 91.3
24-09-09 11:00 91.3 92.1 90.5
26-08-09 11:00 90.5 89.1 87.4
24-07-09 11:00 87.3 86.6 85.9
22-06-09 11:00 85.9 85.1 84.2
25-05-09 11:00 84.2 85.1 83.7
24-04-09 11:00 83.7 82.4 82.2
25-03-09 11:00 82.1 82.2 82.6
24-02-09 11:00 82.6 83.2 83
27-01-09 11:00 83 81 82.7
18-12-08 11:00 82.6 84 85.8
24-11-08 11:00 85.8 88.8 90.2
27-10-08 11:00 90.2 91.2 92.9
24-09-08 11:00 92.9 94.2 94.8
26-08-08 11:00 94.8 97.1 97.5
24-07-08 11:00 97.5 100.2 101.2
23-06-08 11:00 101.3 102.5 103.5
21-05-08 11:00 103.5 102.1 102.4
24-04-08 11:00 102.4 104.3 104.8
26-03-08 11:00 104.8 103.5 104.1
26-02-08 11:00 104.1 103 103.4
24-01-08 11:00 103.4 102.3 103
Importance
Country Germany
Source CESifo Group

Description

The index represents the situation of the business sentiment in the EU largest economy, which is Germany. The index calculation is based on the survey of about 7000 business managers who evaluate the relative level of doing business and expectations for the next 6 months. The value below 100 is the indicator of the economic growth slowdown. The value above 100 shows growing optimism among businessmen. The indicator’s value may vary in the range between 80 and 120, while the level of business activity adopted in 2005 is 100.

Effect of market

The index has a moderate influence on the Euro dynamics, but closely followed by the market participants. The index growth or the actual value rise, exceeding the forecast is a positive sign for the Euro.