Business confidence continues to rise, suggesting that the recovery will remain strong. The Ifo Business Climate Index for industry and trade rose to 107.6 points in October from 106.8 points in September, defying market expectations, which had expected the index to fall to 106.4 points. The October reading marked the sixth consecutive month of improving sentiment, driving the index to the highest level since May 2007. Business confidence improved as both components increased over the previous month. The current business situation component increased from 109.8 points in September to 110.2 points in October, remaining on its positive trend started in February. In addition, the business expectations indicator jumped from 103.9 points in September to 105.1 points. At the sector level, firms in the manufacturing sector reported their current business situation to be slightly more favourable than in the previous month and were even more upbeat about their prospects. Meanwhile, businesses in the construction sector reported a somewhat less favourable current business situation compared to September, but they evaluated their future business prospects as more positive. Wholesaling businesses gave a more positive assessment of both their current and future business situation. Only retail respondents assessed their current business situation, as well as their future business expectations as less favourable than in September. Nevertheless, retail firms still maintain a healthy business sentiment.
Germany Business Confidence
Business confidence climbs to the highest level in more than three years
October 22, 2010
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Germany Economic News
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.
September 26, 2016
German businesses turned much more optimistic in September.