Germany Business Confidence August 2017


Germany: Business confidence levels off in August

August 25, 2017

German business confidence fell to 115.9 points in August, down from 116.0 in June, which had marled an all-time high and overshooting market expectations of a decline to 115.5 points. The print overshot analysts’ expectations, which pointed to a steeper drop to 115.5.

According to the institute, the increase reflected the fact that businesses became slightly less optimistic about current business conditions, while their outlook on future business conditions actually continued to improve. Firms in the manufacturing and construction sectors continued to grow more optimistic. Firms in the wholesaling industry were slightly less optimistic, however.

FocusEconomics Consensus Forecast panelists expect gross fixed investment to expand 1.8% in 2017, which is down 0.1 percentage points from last month’s forecast. In 2018, the panel sees investment growth reaching 2.9%.

Author:, Economist

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Germany Business Confidence Chart

Germany Business Confidence August 2017

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

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