The business confidence indicator published by the Ifo Institute edged up to 105.9 points in June from 105.7 points in May, a result that was in line with market expectations. The indicator improved for a second consecutive month and reached its highest level since March. The monthly improvement primarily showed that firms are more optimistic about their future business prospects, whereas respondents to the June survey showed less optimism about their current business situation. According to the Ifo Institute, "the German economy holds its curse". FocusEconomics Consensus Forecast panellists expect gross fixed investment to increase 0.2% in 2013, which is down 0.2 percentage points from last month's forecast. Next year, the panel sees investment growth accelerating to 3.7%.
Germany Business Confidence
Business confidence rises for second consecutive month
June 24, 2013
Looking for forecasts related to Business Confidence in Germany? Download a sample report now.
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.