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German Business Climate Ha A Decent Impact on Eurozone Climate

German Ifo Business Climate

Declining Trend in the Business Climate

Starts Monday, March 25, 2019 at 09:30
Updated Monday, March 25, 2019
The business climate peaked at the end of 2017 and the beginning of 2018 in Germany above 107 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 but the downtrend for this indicator resumed and last month it fell to 98.5 points. This month though it is expected to improve slightly but it is expected to remain below 100 points as German manufacturing fell deeper into contraction in February as last week's data showed.  

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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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