It is leading indicator for gauging any economic activity in Germany, prepared by Ifo Institute of Economic Research in Munich, Germany. German Ifo Business Climate Survey focus on main three points:
- Current business situation
- Business climate
- Business outlook
These three points are circulated as a percentage change over the last month. Each month more than 7000 participants take part in survey from different firms including retailing, wholesaling, construction, and manufacturing. These firms are requested to evaluate their current business climate, business situation and business outlook for coming six month.
German Ifo Business Climate Survey is released during last week of each month at 08:00 GMT by CESifo Group.
Business Climate during the month of February 2020 remained unchanged as compare to previous month, meanwhile business expectations index rose to 93.4 from 92.9 in January while at the same time, indicator for current condition dropped to 98.9 from 99.2. Across sectors, deterioration was seen among constructors, traders and service providers while sentiments among manufacturing sector improved somewhat.