IFO – Business Climate

This German business sentiment index released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).

Most recent - Monday 20 May 2024 08:00

Previous
89.4
Revised
-
Forecast
-
Actual
-

Next event - Thursday 20 June 2024 08:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for IFO – Business Climate yet - check back for updates.

Trading range

Forecast history

Past events

Date
Forecast
Actual
Monday 20 May 2024 08:00
-
-
Wednesday 24 April 2024 08:00
88.9
89.4
Friday 22 March 2024 09:00
86
87.8
Friday 23 February 2024 09:00
85.5
85.5
Thursday 25 January 2024 09:00
86.7
85.2
Monday 18 December 2023 09:00
87.8
86.4
Friday 24 November 2023 09:00
87.5
87.3
Wednesday 25 October 2023 08:00
85.9
86.9
Monday 25 September 2023 08:00
85.2
85.7
Friday 25 August 2023 08:00
86.7
85.7
Tuesday 25 July 2023 08:00
88
87.3
Monday 26 June 2023 08:00
90.7
88.5
Wednesday 24 May 2023 08:00
93
91.7
Monday 24 April 2023 08:00
94
93.6
Monday 27 March 2023 08:00
90.9
93.3
Wednesday 22 February 2023 09:00
91.4
91.1
Wednesday 25 January 2023 09:00
90.2
90.2
Monday 19 December 2022 09:00
87.2
88.6
Thursday 24 November 2022 09:00
85
86.3
Tuesday 25 October 2022 08:00
83.3
84.3
Monday 26 September 2022 08:00
87.1
84.3
Thursday 25 August 2022 08:00
86.8
88.5
Monday 25 July 2022 08:00
90.5
88.6
Friday 24 June 2022 08:00
92.9
92.3
Monday 23 May 2022 08:00
91.4
93
Monday 25 April 2022 08:00
89.1
91.8
Friday 25 March 2022 09:00
94.2
90.8
Tuesday 22 February 2022 09:00
96.5
98.9
Tuesday 25 January 2022 09:00
94.7
95.7
Friday 17 December 2021 09:00
95.3
94.7
Wednesday 24 November 2021 09:00
96.6
96.5
Monday 25 October 2021 08:00
97.9
97.7
Friday 24 September 2021 08:00
100.4
98.8
Wednesday 25 August 2021 08:00
100.4
99.4
Monday 26 July 2021 08:00
102.1
100.8
Thursday 24 June 2021 08:00
100.6
101.8

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next IFO – Business Climate result:

PreviousLatest
Gross Domestic Product (QoQ)(no change)0.2%0.2%
Gross Domestic Product (YoY)(no change)-0.2%-0.2%
Gross Domestic Product w.d.a (YoY)(no change)-0.9%-0.9%
Consumer ConfidenceBullish change-14.7-14.3
HCOB Composite PMIBullish change51.752.3
HCOB Manufacturing PMIBullish change45.747.4
HCOB Services PMI(no change)53.353.3
HCOB Composite PMIBullish change50.652.2
HCOB Manufacturing PMIBullish change42.545.4
HCOB Services PMIBullish change53.253.9
HCOB Composite PMIBearish change50.549.1
HCOB Manufacturing PMIBullish change45.346.7
HCOB Services PMIBearish change51.349.4
Producer Price Index (MoM)(no change)0.2%0.2%
Producer Price Index (YoY)Bearish change-2.9%-3.3%
Core Harmonized Index of Consumer Prices (MoM)(no change)0.7%0.7%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.7%2.7%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%
Consumer Price Index (EU Norm) (YoY)Bearish change1%0.9%
Consumer Price Index (YoY)Bearish change0.9%0.8%
Employment Change (QoQ)(no change)0.3%0.3%
Gross Domestic Product s.a. (QoQ)(no change)0.3%0.3%
Gross Domestic Product s.a. (YoY)(no change)0.4%0.4%
Industrial Production s.a. (MoM)Bearish change1%0.6%
Consumer Price Index (EU norm) (YoY)(no change)2.4%2.4%
ZEW Survey – Current SituationBullish change-79.2-72.3
ZEW Survey – Economic SentimentBullish change42.947.1
ZEW Survey – Economic SentimentBullish change43.947
Harmonized Index of Consumer Prices (YoY)(no change)3.4%3.4%
Harmonized Index of Consumer Prices (MoM)(no change)0.6%0.6%

About IFO – Business Climate

Country:Germany
Currency:EUR
Source:IFO Institute
Category:Economic Activity
Frequency:Monthly

Related events

Australia
Gross Domestic Product (QoQ)
Canada
Gross Domestic Product Annualized
Switzerland
Gross Domestic Product s.a. (QoQ)
China
Non-Manufacturing PMI
China
Gross Domestic Product (YoY)
China
Gross Domestic Product (QoQ)
China
NBS Manufacturing PMI
Germany
S&P Global/BME Manufacturing PMI
Germany
Gross Domestic Product (QoQ)
Germany
S&P Global/BME Composite PMI
Eurozone
Gross Domestic Product s.a. (YoY)
Eurozone
Gross Domestic Product s.a. (QoQ)
Eurozone
S&P Global Composite PMI
Japan
Gross Domestic Product (QoQ)
Japan
Tankan Large Manufacturing Index
New Zealand
Gross Domestic Product (YoY)
New Zealand
Gross Domestic Product (QoQ)
United Kingdom
S&P Global/CIPS Services PMI
United Kingdom
Gross Domestic Product (QoQ)
United States
ISM Manufacturing PMI
United States
Gross Domestic Product Annualized
United States
Nondefense Capital Goods Orders ex Aircraft
United States
ISM Services PMI
United States
Durable Goods Orders
Australia
S&P Global Manufacturing PMI
Australia
National Australia Bank's Business Confidence (QoQ)
Australia
S&P Global Services PMI
Australia
AiG Industry Index
Australia
Gross Domestic Product (YoY)
Canada
Bank of Canada Business Outlook Survey
Canada
Gross Domestic Product (MoM)
Canada
Ivey Purchasing Managers Index
Canada
Ivey Purchasing Managers Index s.a
Canada
Gross Domestic Product (QoQ)
Canada
S&P Global Manufacturing PMI
Switzerland
KOF Leading Indicator
Switzerland
Industrial Production (YoY)
Switzerland
Gross Domestic Product (YoY)
Switzerland
ZEW Survey – Expectations
China
Industrial Production (YoY)
China
Caixin Services PMI
China
Caixin Manufacturing PMI
Germany
ZEW Survey – Economic Sentiment
Germany
IFO – Current Assessment
Germany
IFO – Expectations
Germany
ZEW Survey – Current Situation
Germany
S&P Global/BME Services PMI
Germany
Gross Domestic Product w.d.a (YoY)
Germany
Gross Domestic Product (YoY)
Eurozone
ZEW Survey – Economic Sentiment
Eurozone
S&P Global Manufacturing PMI
Eurozone
S&P Global Services PMI
Eurozone
Industrial Production s.a. (MoM)
Eurozone
Business Climate
Spain
S&P Global Services PMI
Spain
S&P Global Manufacturing PMI
France
S&P Global Manufacturing PMI
France
S&P Global Composite PMI
France
Gross Domestic Product (QoQ)
India
HSBC Services PMI
India
HSBC Manufacturing PMI
India
HSBC Composite PMI
Italy
Gross Domestic Product (YoY)
Italy
S&P Global Manufacturing PMI
Italy
Gross Domestic Product (QoQ)
Italy
S&P Global Services PMI
Japan
Tankan Large All Industry Capex
Japan
Tankan Large Manufacturing Outlook
Japan
Industrial Production (YoY)
Japan
Gross Domestic Product Annualized
New Zealand
Business NZ PMI
New Zealand
NZIER Business Confidence (QoQ)
Poland
Purchasing Manager Index
United Kingdom
Manufacturing Production (MoM)
United Kingdom
S&P Global/CIPS Composite PMI
United Kingdom
Manufacturing Production (YoY)
United Kingdom
Gross Domestic Product (MoM)
United Kingdom
Industrial Production (MoM)
United Kingdom
Gross Domestic Product (YoY)
United Kingdom
NIESR GDP Estimate (3M)
United Kingdom
S&P Global/CIPS Manufacturing PMI
United States
Durable Goods Orders ex Defense
United States
S&P Global Manufacturing PMI
United States
S&P Global Services PMI
United States
Chicago Fed National Activity Index
United States
Factory Orders (MoM)
United States
ISM Services New Orders Index
United States
ISM Manufacturing New Orders Index
United States
Philadelphia Fed Manufacturing Survey
United States
S&P Global Composite PMI
United States
Chicago Purchasing Managers' Index
United States
Durable Goods Orders ex Transportation
United States
Gross Domestic Product Price Index

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?