The Ifo Business Climate indicator for Germany surged to 87.8 in March 2024, climbing from February's revised figure of 85.7 and surpassing market expectations set at 86.0. Sentiment for Europe's largest economy reached its highest point since June 2023, fueled by anticipations of potential interest rate cuts by the European Central Bank and a gradual easing of inflationary pressures. Companies exhibited a less pessimistic outlook regarding the forthcoming months (87.5 vs 84.1 in February), while their assessment of the current business situation also showed a less gloomy stance (88.1 vs 86.9). Breaking down the data by industry, sentiment improved among manufacturers (-10.0 vs -17.1), service providers (+0.3 vs -4.0), traders (-22.9 vs -30.8), and constructors (-33.5 vs -35.4). source: Ifo Institute
Business Confidence in Germany increased to 87.80 points in March from 85.70 points in February of 2024. Business Confidence in Germany averaged 97.23 points from 1991 until 2024, reaching an all time high of 109.80 points in January of 1991 and a record low of 75.10 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 2024.
Business Confidence in Germany increased to 87.80 points in March from 85.70 points in February of 2024. Business Confidence in Germany is expected to be 86.00 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 97.00 points in 2025 and 102.00 points in 2026, according to our econometric models.