The business confidence indicator published by the Ifo Institute increased in December and has now reached its highest level since April 2012. The indicator matched market expectations, coming in at 109.5 points, which was slightly above the 109.3 points registered in November. The print represents the second consecutive month of improvement after a slight drop in October. The December survey showed an improvement in businesses' expectations, which reached the highest level since March 2011. Conversely, firms' view of their current business was somewhat less favorable compared to the previous month. Ifo concluded that, "the German economy is in a festive mood." FocusEconomics Consensus Forecast panelists expect gross fixed investment to drop 0.9% in 2013, which is up 0.2 percentage points from last month's forecast. In 2014, the panel sees investment growth rebounding to 3.8%, which is up 0.1 percentage points over the previous month's projection.
Germany Business Confidence
Business confidence rises for second consecutive month
December 18, 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.