German Ifo Business Climate - Economic Calendar - Strategia Forex

Home / Economic Calendar / German Ifo Business Climate

Economic Calendar
German economy
German Business Climate Ha A Decent Impact on Eurozone Climate

German Ifo Business Climate

The Softening Trend Stops for IfO Sentiment

Starts Monday, November 25, 2019 at 09:00
Updated Monday, November 25, 2019
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 in August this indicator fell to 94.3 points, which shows the sentiment regarding the German economy at the moment. This indicator improved slightly to 94.6 points in September and remained there again in oOctober, so the decline has stopped for now, which is a small positive sign.  Please follow us for live coverage of this event by experienced market analysts. 

<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
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.
<% item.item_scheduled_at | date:'EEEE, d MMMM, yyyy' %>

<% item.item_title %>

Posted by <% %>

<% indicator.indicator_name %>
<% indicator.indicator_value %>
Related Pairs
<% ssp.ssp_posted_at | date:"HH:mm" %>