Germany Business Confidence


Business confidence falls for second consecutive month on Ukraine and Iraq concerns

The business confidence indicator published by the Ifo Institute fell for a second consecutive month in June. The indicator came in at 109.7 points, undershooting both the 110.4 points registered in May and coming in just short of the 110.3 points the market had expected.

June’s result primarily reflected businesses’ less optimistic assessments regarding future business developments, while their views of their current business situations did not changed compared to the previous month. According to Ifo, firms responded less optimistically in June as, “the German economy fears the potential impact of the crises in the Ukraine and Iraq.”

FocusEconomics Consensus Forecast panelists expect gross fixed investment to expand 4.7% in 2014, which is up 0.1 percentage points from last month’s forecast. In 2015, the panel sees investment growth decelerating to 4.4%.

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Germany Business Confidence Chart

Germany Business Confidence June 2014

Note: Ifo Business Climate Index, 2000=100.
Source: Ifo Business Survey.

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