The Ifo Business Climate indicator for Germany increased to an eight-month high of 91.1 in February of 2023, from a downwardly revised 90.1 in January, compared to forecasts of 91.2. Expectations for the coming months were significantly less pessimistic (88.5 vs 86.4), while firms' assessments of their current situation worsened a bit (93.9 vs 94.1). Meanwhile, 45.4% of companies complained about supply chain bottlenecks, less than 48.4% in January and the share of those who want to increase prices has fallen. Across sectors, the business mood in tourism and hospitality has improved markedly while export expectations industry were slightly down. On the economic front, the German economy will not get around a recession, but it will be a mild one, Ifo economist Klaus Wohlrabe said. source: Ifo Institute
Business Confidence in Germany averaged 97.51 points from 1991 until 2023, 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 March of 2023.
Business Confidence in Germany is expected to be 90.70 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 105.00 points in 2024 and 100.00 points in 2025, according to our econometric models.