The Ifo Business Climate indicator for Germany rose by 2.2 points from the previous month to 92.6 in August 2020, the highest level since February and slightly above market expectations of 92.2, as firms assessed their current situation as slightly better (87.9 vs 84.5 in July). In addition, the gauge measuring companies' expectations for the coming months continued to improve (97.5 vs 96.7) following the easing of the coronavirus-induced restrictions. Sentiment improved among manufacturers (-5.4 vs -12.1), service providers (7.8 vs 2.1), traders (-4.8 vs -5.1) and constructors (0.0 vs -2.5).
Business Confidence in Germany averaged 97.85 points from 1991 until 2020, reaching an all time high of 109.80 points in January of 1991 and a record low of 74.40 points in April of 2020. This page provides the latest reported value for - Germany Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Ifo Business Climate Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Ifo Institute
Business Confidence in Germany is expected to be 93.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Germany to stand at 95.00 in 12 months time. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 100.00 points in 2021 and 104.00 points in 2022, according to our econometric models.