Germany Business Confidence May 2017

Germany

Germany: German business confidence reaches new heights in May

May 23, 2017

German business confidence rose to 114.6 points in May, up from a revised 113.0 in April (previously reported: 112.9), marking an all-time high and overshooting market expectations.

According to the institute, the increase reflected the fact that businesses became much more optimistic regarding both current business conditions and business conditions over the next six months. Firms in the manufacturing, construction and wholesales sectors grew more optimistic, while those in the retail sector become slightly less positive compared to last month.

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 May 2017

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


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