The headline German IFO Business Climate Index drops sharply to 90.1 in January versus last month’s 92.2, missing the consensus estimates of 91.8 by a big margin. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 91.3 and 90.6 expected.
Read More »German IFO Business Climate Index Beats Estimates
The headline German IFO Business Climate Index came in at 92.1 in December, stronger than last month’s 90.7 while beating the consensus estimates pointing to a reading of 90.0. Meanwhile, the Current Economic Assessment arrived at 91.3 points in the reported month as compared to last month’s 90.0 and 89.0 …
Read More »German IFO Business Climate Index Falls to 90.7 in November
The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …
Read More »German Industrial Production Rose Less Than Expected in September on Covid-19 Fears
Data on Friday showed that German industrial production rose less than expected in September as the Coronavirus crisis curbed activity, in new evidence that the recovery from the pandemic shock is slowing down in Europe’s largest economy. Figures released by the Federal Statistics Office showed that industrial production increased 1.6% …
Read More »German IFO Business Climate Index Misses Estimates
The headline German IFO Business Climate Index came in at 92.7 in October, weaker than last month’s 93.2 while missing the consensus estimates pointing to a reading of 93.0. On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months, came in at 95.0 for …
Read More »German Export Expectations Hit Highest Level Since October 2018
IFO Institute said that optimism among German exporters, who have been affected by the Coronavirus crisis, reached its highest level in September since October 2018. IFO said its index of export expectations rose to 10.4 in September from 5.5. it said more companies in the chemical and electrical equipment sectors …
Read More »German IFO Business Climate Index Misses Estimates
The headline German IFO Business Climate Index came in at 93.4 in September, stronger than last month’s 92.6 while missing the consensus estimates pointing to a reading of 93.8. Meanwhile, the Current Economic Assessment arrived at 89.2 points in the reported month as compared to last month’s 87.9 and 89.5 …
Read More »IFO: German Industrial Sector Expects a Slight Growth in Output in coming months
An IFO Institute survey showed that industrial companies in Germany, which have been hit by the economic downturn caused by the Coronavirus, expect production to increase slightly in the coming months. “The industrial sector, the engine of the German economy, is gradually returning to its course,” said Klaus Vollrape, supervisor …
Read More »Germany’s IFO: Companies See Business Return to Normalcy in 11 Months
According to the latest survey of businesses conducted by Germany’s influential IFO institute, the firms in Eurozone’s economic powerhouse expect business to return to normalcy in an average of 11 months from the coronavirus crisis. “For companies in the services sector, that number is even higher, at 11.7 months.” “The …
Read More »Germany’s IFO: Industrial Production to Rise in The Next Three Months
laus Wohlrabe, Economist at Germany’s influential IFO institute, said on Friday, the industrial production is expected to increase in the coming three months. The German industrial sector is likely to continue to recover after the effects of the Covid-19 lockdowns. Wohlrabe noted: “The industrial sector is continuing to work its …
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