The business confidence index published by the Ifo Institute fell to 104.4 points in April from 106.7 points in March. The print represents a second consecutive decline and also exceeded market expectations, which had seen the index falling only to 106.2 points. The April result showed that businesses were less optimistic about their future business prospects for the next six months. In addition, respondents to the survey assessed their current business situation as slightly less positive than in the previous month. Owing to the monthly decline, the Institute acknowledged that "the German economy is taking a breather". FocusEconomics Consensus Forecast panellists expect gross fixed investment to increase 0.4% in 2013, which is unchanged from last month's forecast. Next year, the panel sees investment growth accelerating to 3.7%.
Germany Business Confidence
Business confidence falls for second consecutive month
April 24, 2013
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Germany Business Confidence Chart
Note: Ifo Business Climate Index, 2000=100.
Source: Ifo Business Survey.
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
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.