Germany Business Confidence July 2020

Germany

Germany: Business confidence rises to five-month high in July

July 27, 2020

Business confidence rose to 90.5 in July from June's 86.3. July's result marked the highest sentiment since February, a month prior to the outbreak of the Covid-19 crisis. However, the index remained below the 100-threshold, and indicated pessimism among businesses.

Looking at the details, firms were notably less downbeat regarding the current climate while views on the outlook also improved.

FocusEconomics Consensus Forecast panelists see gross fixed investment contracting 7.2% in 2020. In 2021, the panel sees fixed investment rising 4.2%.


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