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ifo Business Climate Index for Germany — 25 August 2022

ifo Business Climate Index Sees a Minimal Decline (August 2022)

A bleak mood hangs over the German economy. The ifo Business Climate Index fell in August to 88.5 points, down from 88.7 points (seasonally adjusted) in July. Companies were somewhat less satisfied with their current business, and the strong pessimism of their outlook for the coming months is virtually unchanged. Uncertainty among the companies remains high, and the German economy as a whole is expected to shrink in the third quarter.

ifo Business Climate Index for Germany — 23 May 2022

ifo Business Climate Index Rises (May 2022)

Sentiment in the German economy has brightened. The ifo Business Climate Index rose to 93.0 points in May, after 91.9 points in April. The companies were above all much more satisfied with their current business. In contrast, expectations barely changed, with companies remaining skeptical. The German economy has proven itself resilient in the face of inflation concerns, material bottlenecks, and the war in Ukraine. There are currently no observable signs of a recession.