IFO Business Climate Index

IFO Business Climate Index

A monthly survey of business conditions in Germany. Surveys are sent to 7,000 business leaders each month and respondents are asked about their current positions and their expected outlook over the next six months. It is considered a significant leading indicator for the German economy.
References in periodicals archive ?
The Ifo business climate index is considered the most important barometer for the German economy.
Sentiment among German businesses weakened at the beginning of the year, with the Ifo Business Climate Index for industry and trade falling to just 107.
In contrast to consumers, companies evidently still consider there to be potential for greater risks from the Ukraine crisis and this is reflected in the decline of the Ifo Business Climate Index in May.
The Ifo business climate index, based on a survey of 7,000 executives, rose from 107.
On Tuesday, the widely watched Ifo business climate index rose for a fifth consecutive month to its highest level since April 2012.
The German IFO business climate index inched up to 107.
The euro meanwhile traded against the dollar near overnight levels as investors wanted to wait and see the outcome of upcoming eurozone economic data such as Germany's Ifo business climate index for August due out in late afternoon trading Tuesday, other dealers said.
In addition, the IFO business climate index of Germany will be released Friday.
Ifo business climate index, which tracks German business sentiment, fell to 105.
There has been positive news elsewhere as well, with the IFO business climate index suggesting a continuation of Germany's mini-boom.
16143), researchers Ruediger Bachmann, Steffen Elstner, and Eric Sims use micro data from the Federal Reserve Bank of Philadelphia's Business Outlook Survey and Germany's IFO Business Climate Index to investigate how measures of business uncertainty, which are derived from manager's business expectations, are related to economic activity.