German IFO Business Climate

The German IFO Business Climate is a monthly survey prepared by the Institute for Economic Research (IFO, Information and Forschung).

Every month around 7,000 businesses, including firms in manufacturing, construction, wholesaling and retailing, are requested to assess their current business situation and their business outlook for the coming six months.

The IFO Business Climate is a leading indicator; businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.