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Germany Ifo business climate

The Ifo Institute's monthly survey of German companies - the best-known gauge of Europe's largest economy.

We'll tell you 15 minutes before each release and when the figure is out.

Latest release

Thu, September 24, 2026 · 04:00 · September

89.9Above forecast

Forecast 89Previous 88.8

Next release

Mon, October 26, 2026 · 05:00 · October

8d 5h

No forecastPrevious 89.9

Recent releases (Index)

October: 86.5 · Forecast 85.6Oct 24November: 85.7 · Forecast 86December: 84.7 · Forecast 85.6January: 85.1 · Forecast 84.7Jan 25February: 85.2 · Forecast 85.8March: 86.7 · Forecast 86.7April: 86.9 · Forecast 85.2Apr 25May: 87.5 · Forecast 87.4June: 88.4 · Forecast 88.2July: 88.6 · Forecast 89Jul 25August: 89 · Forecast 88.6September: 87.7 · Forecast 89.3October: 88.4 · Forecast 88Oct 25November: 88.1 · Forecast 88.5December: 87.6 · Forecast 88.2January: 87.6 · Forecast 88.1Jan 26February: 88.6 · Forecast 88.4March: 86.4 · Forecast 86.1April: 84.4 · Forecast 85.5Apr 26May: 84.9 · Forecast 84.2June: 85.6 · Forecast 85.6July: 86.6 · Forecast 86Jul 26August: 88.8 · Forecast 87.2September: 89.9 · Forecast 89Sep 2689.9
ActualForecast

Market memory

59 releases over the last 5 years: how the related markets closed on each release day. A release after the close counts for the next session.

DAX

Moved 0.57% on average on release days, against 0.77% on an ordinary day.

  • When above forecast (27x)+0.24% · up days 17/27
  • When below forecast (28x)+0.01% · up days 15/28
  • When in line (4x)+0.18% · up days 2/4

Recent release days

Sep 24, 26 -0.57%Aug 25, 26 +0.61%Jul 27, 26 +1.04%Jun 24, 26 -0.62%May 22, 26 +1.15%Apr 24, 26 -0.11%

EUR/USD

Moved 0.35% on average on release days, against 0.35% on an ordinary day.

  • When above forecast (27x)+0.08% · up days 14/27
  • When below forecast (28x)-0.16% · up days 11/28
  • When in line (4x)-0.13% · up days 2/4

Recent release days

Sep 24, 26 -0.58%Aug 25, 26 -0.11%Jul 27, 26 +0.16%Jun 24, 26 -0.42%May 22, 26 -0.04%Apr 24, 26 -0.19%

Past reactions are no indication of future price moves; other news on the same days may have moved prices too. Not investment advice.

Past releases

DatePeriodActualForecastPrevious
Sep 24, 2026September89.98988.8
Aug 25, 2026August88.887.286.7
Jul 27, 2026July86.68685.7
Jun 24, 2026June85.685.685
May 22, 2026May84.984.284.5
Apr 24, 2026April84.485.586.3
Mar 25, 2026March86.486.188.4
Feb 23, 2026February88.688.487.6
Jan 26, 2026January87.688.187.6
Dec 17, 2025December87.688.288
Nov 24, 2025November88.188.588.4
Oct 27, 2025October88.48887.7
Sep 24, 2025September87.789.388.9
Aug 25, 2025August8988.688.6
Jul 25, 2025July88.68988.4
Jun 24, 2025June88.488.287.5
May 22, 2025May87.587.486.9
Apr 24, 2025April86.985.286.7
Mar 25, 2025March86.786.785.3
Feb 24, 2025February85.285.885.2
Jan 27, 2025January85.184.784.7
Dec 17, 2024December84.785.685.6
Nov 25, 2024November85.78686.5
Oct 25, 2024October86.585.685.4

More from Germany

Germany inflationGermany ZEW economic sentimentGermany GDP growth

Data compiled by MakklerFinn; figures are published by the official bodies concerned. Times are New York time.

For information only, not investment advice.