The Ifo Business Climate indicator for Germany dropped to 100.8 in July 2021, from the previous month's two-and-a-half-year high of 101.7 and below market expectations of 102.1, as supply bottlenecks and concerns over newly rising infection numbers weighed on the German economy. Expectations for the coming months were significantly less optimistic (101.2 vs 103.7 in June), while companies evaluated their current business situations as somewhat better (100.4 vs 99.7). In the manufacturing sector, the index declined from an over three-year high, due to a scarcity of intermediate products and complaints of a lack of skilled workers. Sentiment among service providers and traders also deteriorated, with the tourism and consumer sector voicing concerns about a fourth coronavirus wave. Meanwhile, confidence among constructors improved in July. source: Ifo Institute
Business Confidence in Germany averaged 97.78 points from 1991 until 2021, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.60 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 July of 2021.
Business Confidence in Germany is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Ifo Business Climate Index is projected to trend around 106.00 points in 2022 and 102.00 points in 2023, according to our econometric models.