Business confidence dropped in April, amid firms' bleaker assessment about future prospects. The business climate index published by the Ifo Institute, fell from 111.1 points in March to 110.4 points in April. The reading, which marked the second consecutive monthly decline after reaching a record high in February, was broadly in line with market expectations that the index would fall to 110.5 points. That said, the index remains 8.6 points above the level observed in the same month last year, suggesting an underlying confidence in the state of the economy. The main driver behind the monthly drop was a decline in firms' future expectations for the next six months, as a result of high oil prices related to the escalating political turmoil in North Africa and the Middle East and the crisis in Japan. In contrast, businesses maintained a positive assessment about their current situation, with the sub-index remaining on the upward trajectory observed since March 2010.
Germany Business Confidence
Business confidence falls for second consecutive month
April 21, 2011
Looking for forecasts related to Business Confidence in Germany? Download a sample report now.
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.