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Germany Business Confidence
Last Release
Apr 30, 2025
Actual
86.9
Units In
Points
Previous
86.7
Frequency
Monthly
Next Release
May 22, 2025
Time to Release
26 Days 7 Hours
Highest | Lowest | Average | Date Range | Source |
109.8 Jan 1991 | 75.4 Apr 2020 | 96.87 Points | 1991-2025 | IFO Institute |
In Germany, the IFO Business Climate Index measures entrepreneurs’ sentiment about current business situation and their expectations for the next 6 months. The survey is made by phone and covers 9,000 firms in manufacturing, the service sector, trade and construction. The Business Climate Balance is constructed as the difference between the percentage share of executives that are optimistic and the share that are pessimistic. This balance can take values between -100 (all responding firms assess their situation as poor and expect business to deteriorate) and +100 (all responding firms assessed their situation as good and expect an improvement in their business). For the calculation of the IFO Business Climate Index, the Balance is normalized to the average of a base year (currently 2015).
Latest Updates
The Ifo Business Climate indicator for Germany edged higher to 86.9 in April of 2025 from 86.7 in the previous month, the highest since July, and firmly outperforming market expectations that the conditions index would soften to 86.9. The improvement was supported by policy to aggressively increase public spending into infrastructure, defense, and businesses to trigger some traction in growth amid tariff threats from the United States. The index measuring current conditions rose to 86.4 from 85.7 in the previous month, above expectations of 85.5. Across different sectors, business sentiment was nearly balanced for services (-0.8 vs -1.1 in March) and pessimism eased for constructors (-21 vs 24.3), offsetting the drop for manufacturing (-18.1 vs -16.6). However, the expectations index eased to 87.4 from 87.7, still above the consensus of 85, but reflecting higher uncertainty for companies as the risk of trade wars and protectionism triggered turbulence.
Germany Business Confidence History
Last 12 readings