Business confidence was steady in May, amid firms' better assessment of current business conditions, which were offset by notions of deteriorating business prospects. In May, the business climate indicator published by the Ifo Institute matched the 114.2 points registered in April (previously reported: 111.1 points, as the Institute used the year 2005 as the base year instead of 2000 to calculate the index). The reading followed on two consecutive declines after the index reached a 20-year high in February and defied market expectations, which had expected business confidence would fall to 113.7 points. That said, the index remains 8.0 points above the level observed in the same month last year, which suggests that businesses remain confident of a growing economy. The May result reflected an improvement in firms' current business situation, with the sub-index remaining on the upward trajectory observed since February 2010, reaching a record high. In contrast, businesses' future expectations for the next six months declined over the previous month, as economic growth is expected to ease somewhat in the coming months.
Germany Business Confidence
Business confidence remains stable in May
May 22, 2011
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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.