ifo outlook beats expectations

Business confidence in Germany continued to improve throughout October, according to the latest monthly ifo Index, which rose from 109.5 to 110.5 basis points compared to the previous month.

Optimism was particularly pronounced in the manufacturing and construction sector, with the month-on month indices rising from 13.3 to 16.7 and from 9.3 to 10.2.

Meanwhile, the index for the wholesale sector declined somewhat, from 11.6 to 9.8, however, it remained above its long-term average. The assessment of the retail sector remained relatively stable, moving from 7.9 to 7.8 basis points.

Given the overall positive data, the six-month outlook improved from 104.5 to 106.1 basis points.

The monthly poll is based on a nationwide survey among more than 7000 businesses representing the manufacturing, construction, wholesale and retail industry.


Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

Read more from Mona Dohle

Close Window
View the Magazine

I also agree to receive editorial emails from InvestmentEurope
I also agree to receive event communications for InvestmentEurope
I also agree to receive other communications emails from InvestmentEurope
I agree to the terms of service *

You need to fill all required fields!