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German Ifo Business Climate

Ifo Business Climate Has Declined to the Lowest Since the Financial Crisis

Starts Monday, June 24, 2019 at 08:00
Updated Monday, June 17, 2019
The business climate peaked at the end of 2017 and the beginning of 2018 in Germany above 117 points. But it started turning lower since then and it has now formed quite a bearish trend. There was a slight improvement in August/September last year but the downtrend for this indicator resumed and last month it fell to 97.9 points97 which is the lowest since the economic crisis which followed the financial crisis. 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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