Business sentiment rose to the highest level on record, suggesting that firms are off to a vigorous start to the new year. The Ifo Business Climate index climbed to 110.3 points in January from 109.8 points observed in December. The reading, which marked the eighth consecutive month of improving business sentiment, represented the highest level since 1991, overshooting market expectations, which had seen the index remaining steady. The business expectations component ? one of the two components of the business climate indicator ? continued its upward trend, increasing from 106.8 points in December to 107.8 in January. In contrast, the current business situation gauge remained virtually unchanged at 112.8 in January (December: 112.9 points), bucking the upward trend observed since March 2010. In the manufacturing sector, firms reported a more favourable current business situation, as well as improved business expectations for the second half of the year. In the same vein, construction firms reported to be more satisfied with their current business situation and offered a more optimistic assessment about their future business prospects. Only wholesale and retail firms were less optimistic about their current business situation and their expectations compared to the previous month.
Germany Business Confidence
Business confidence rises to record-high level
January 21, 2011
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Germany Economic News
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.
September 26, 2016
German businesses turned much more optimistic in September.