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German Ifo Business Climate

The Deterioration in the Business Climate Doesn\'t Seem to Stop

Starts Tuesday, September 24, 2019 at 09:00
Updated Monday, September 23, 2019
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German business confidence slipped in July to its lowest level in more than six years. The Ifo institute said its business climate index dropped to 95.7 from an upwardly revised 97.5 in June. The July delivery undershot a forecast for 97.1. It was the fourth monthly drop in a row and the lowest level since April 2013. But, that was not all. The decline continued further and last month this indicator fell to 94.3 points, which shows the sentiment regarding the German economy at the moment. Please follow us for live coverage of this event by experienced market analysts. 

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About German Ifo Business Climate
Level of a composite index based on surveyed manufacturers, builders, wholesalers, services, and retailers. It is Released monthly, around 3 weeks into the current month. This survey is highly respected due to its large sample size and historic correlation with German and wider Eurozone economic conditions.
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
It tends to create a hefty market impact upon release.
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