GE ifo Business Climate

Sentiment at German companies edged lower this month, as Europe's largest economy shows little sign of a recovery amid a persistent manufacturing slump. The Ifo Institute's business-climate index fell to 86.6 in August, from 87.0 in July, data showed Monday. It marked the fourth decline in as many months. "The German economy is increasingly falling into crisis," Clemens Fuest, president of the Ifo Institute, said. Companies assessed their current situation as worse, and expectations for the future were more pessimistic, he said.The ...

The latest batch of German confidence indicators still points to a very anaemic recovery of the German economy after the cyclical bottoming out at the start of the year. Germany’s most prominent leading indicator, the Ifo index, dropped to 88.6 in June, from 89.3 in May. After three consecutive increases at the start of the year, business confidence has weakened again, illustrating that the cyclical bottoming out will not automatically be followed by a strong recovery. Today’s Ifo index weakening was exclusively driven by declining ...

The Ifo index, Germany’s most prominent leading indicator, just illustrated that the cyclical bottoming out will not automatically be followed by a strong recovery. After three consecutive increases, the Ifo index remained unchanged at 89.3 in May. While the expectations component improved again, the current assessment component dropped. Judging from previous experience, three consecutive increases tend to mark a turning point in the economy and we have seen these increases between February and April. Today’s Ifo index reading is a ...

German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and putting a stop to three consecutive months of increases. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in a Reuters poll. Companies were less satisfied with the current business situation. Expectations, on the other hand, brightened. Industry, trade and construction are recovering, while service providers are suffering a setback, the ...

Finally at a cyclical turning point. Germany’s most prominent leading indicator, the Ifo index, has added to recent evidence of a bottoming out of the German economy. In April, the Ifo index increased for the third month in a row, to 89.4, from 87.9 in March. Judging from previous experiences, three consecutive increases tend to mark a turning point in the economy. Today’s increase was driven by both the improved current assessment and expectations components. The Ifo headline index is now back to levels last seen in the early summer ...