Germany Business Confidence

Germany

Germany: Business confidence in April rises to 10-month high

April 24, 2015

The business confidence index, elaborated by the Ifo Institute, rose from 107.9 in March to 108.6 in April and came in above market expectations of an increase to 108.4. The index improved in April for a sixth consecutive month and now sits at the highest level since June 2014.

According to the Institute, April’s print reflects that firms were more positive regarding their current economic situations. However, they were slightly less optimistic about future business development than in the previous month. Business climate rose in the manufacturing, wholesaling and construction sectors but worsened in retailing. Overall, the Ifo Institute commented that the reading suggests that, “[t]he upswing in the German economy continues.”

FocusEconomics Consensus Forecast panelists expect gross fixed investment to expand 2.0% in 2015, which is up 0.3 percentage points from last month’s forecast. In 2016, the panel sees investment growth accelerating to 3.6%.


Author: Teresa Kersting, Economist

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Germany Business Confidence Chart


Germany Business Confidence April 2015

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


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