Germany EUR

Germany Ifo Current Conditions

Impact:
Low
Source: Ifo Institute

Latest Release:

Date:
Surprise:
-0.2
Actual:
86.5
Forecast: 86.7
Previous/Revision:
86.2
Period: Jul

Next Release:

Date:
Forecast: 87
Period: Aug
What Does It Measure?
The Ifo Current Conditions Index measures the current business sentiment among German enterprises, specifically reflecting their assessments of the present economic situation. It primarily focuses on production, employment, and investment conditions, assessing the key areas of business confidence within the manufacturing, services, construction, and trade sectors in Germany.
Frequency
This index is released monthly, typically on the last business day of the month, and includes preliminary estimates that can be subject to revisions.
Why Do Traders Care?
Traders monitor the Ifo Current Conditions Index closely as it serves as a key indicator of economic health in Germany, with direct implications for the Euro and German equities. Strong results generally indicate bullish sentiment for the Euro and German stocks, while weaker figures may trigger bearish sentiments, influencing market forecasts and investment decisions.
What Is It Derived From?
The Ifo Current Conditions Index is derived from a survey of approximately 9,000 German businesses, which assess their current business situation and future expectations. The index employs a diffusion index methodology, aggregating responses to reflect overall business sentiment through weighting based on industry size and economic relevance.
Description
The Ifo Current Conditions Index is a vital barometer of the German economy, released monthly and derived from businesses' assessments of prevailing economic conditions. This index serves as a coincident economic indicator, reflecting immediate business sentiment and trends in real-time rather than predictions or forecasts.
Additional Notes
The Ifo Current Conditions Index is often analyzed alongside the Ifo Business Climate Index, which incorporates future expectations, providing a more comprehensive view of economic mood. It is considered a coincident indicator, helping to gauge the current state of the economy while also reflecting broader economic trends observed in Europe and globally.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
86.5
86.7
86.2
-0.2
86.2
86.5
86.1
-0.3
86.1
86.8
86.4
-0.7
86.4
85.5
85.7
0.9
85.7
85.5
85
0.2
85
86.5
86
-1.5
86.1
85.4
85.1
0.7
85.1
84
84.3
1.1
84.3
85.4
85.7
-1.1
85.7
84.4
84.4
1.3
84.4
86.1
86.5
-1.7
86.5
86.5
87.1
87.1
88.5
88.3
-1.4
88.3
88.5
88.3
-0.2
88.3
89.8
88.9
-1.5
88.9
88.7
88.1
0.2
88.1
86.8
86.9
1.3
86.9
86.7
86.9
0.2
87
88.6
88.5
-1.6
88.5
89.7
89.4
-1.2
89.4
89.5
89.2
-0.1
89.2
88.5
88.7
0.7
88.7
88
89
0.7
89
90
91.4
-1
91.3
93
93.7
-1.7
93.7
93.5
94.8
0.2
94.8
94.8
95.1
95
96
95.4
-1
95.4
94.1
93.9
1.3
93.9
95
94.1
-1.1
94.1
95
94.4
-0.9
94.4
93.5
93.2
0.9
93.1
93.8
94.2
-0.7
94.1
92.4
94.5
1.7
94.5
96
97.5
-1.5
97.5
96
97.7
1.5
97.7
98
99.4
-0.3
99.3
99.1
99.6
0.2
99.5
97.5
97.3
2
97.2
95.8
97.1
1.4
97
96.5
98.6
0.5
98.6
96.6
96.2
2
96.1
96.3
96.9
-0.2
96.9
97.5
99
-0.6
99
99
100.2
100.1
99.4
100.4
0.7
100.4
101.8
101.4
-1.4
101.4
100.8
100.4
0.6
100.4
101.6
99.7
-1.2
99.6
97.8
95.7
1.8
95.7
95.5
94.2
0.2
94.1
94.4
93.1
-0.3
93
91.3
90.6
1.7
90.6
89
89.2
1.6
89.2
90.6
91.3
-1.4
91.3
89
90
2.3
90
87
90.4
3
90.3
89.8
89.2
0.5
89.2
89.5
87.9
-0.3
87.9
86.9
84.5
1
84.5
85
81.3
-0.5
81.3
84
78.9
-2.7
78.9
80
79.4
-1.1
79.5
81
92.9
-1.5
98.9
98.6
99.2
0.3
99.1
99.2
98.8
-0.1
98.8
98.1
98
0.7
97.9
97.9
97.8
97.8
98
98.6
-0.2
98.5
97
97.3
1.5
97.3
98.6
99.6
-1.3
99.4
100.4
101.1
-1
100.8
100.2
100.7
0.6
100.6
103.5
103.4
-2.9
103.3
103.6
103.9
-0.3
103.8
102.9
103.6
0.9
103.4
103.9
104.5
-0.5
104.3
104.2
104.9
0.1
104.7
104.9
105.5
-0.2
105.4
105.3
106.1
0.1
105.9
106
106.6
-0.1
106.4
106.1
106.5
0.3
106.4
105.4
105.4
1
105.3
104.8
105.2
0.5
105.1
100.2
106.1
4.9
106
106
105.8
105.7
106
106.6
-0.3
125.9
125.7
126.4
0.2
126.3
127
127.8
-0.7