GE ifo Business Climate
Monitor the GE ifo Business Climate to gauge Eurozone economic trends and market shifts.
Overview
This indicator is a key gauge of economic health, as businesses quickly respond to market fluctuations. Shifts in their sentiment can provide early warnings of future economic activities such as spending, hiring, and investment. This survey is highly regarded due to its extensive sample size and its historical correlation with the economic conditions in Germany and the broader Eurozone. It typically generates a significant market impact upon its release. Note that the series changed its base year from 2000 to 2005 in May 2011 and incorporated services as of April 2018.
Key Information
What it Measures
Composite index level derived from responses by manufacturers, builders, wholesalers, service providers, and retailers.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is considered favorable for the currency.
Source & Frequency
ifo Institute (latest release) - https://www.ifo.de/en • Released monthly, approximately three weeks into the current month.
How Data is Derived
Survey of about 9,000 businesses which asks respondents to rate the relative level of current business conditions and expectations for the next 6 months
Also Known As
N/A
Acronym
Information and Forschung (ifo)