Business confidence in Germany worsened slightly in August as businesses grew more pessimistic due to rising costs and the threat of gas shortages. The Ifo institute’s business climate index fell to 88.5 in August from a revised figure of 88.7 in July, the institute’s data showed. Economists expected the index to reach 87.2 points. “An […]
Tag: Ifo
Germany: The Ifo employment index fell
The willingness of German businesses to hire new staff has been hit again, the Ifo institute said. The German institute’s employment barometer fell to 101.1 in July from 103.3 in June. Businesses are still planning to hire new staff, although they have become more cautious in their staffing planning due to the current high level […]
Germany: Ifo’s business confidence index worsened sharply
Business confidence in Germany plummeted in July as businesses grew more pessimistic due to rising energy costs and the threat of gas shortages. The Ifo business climate index fell to 88.6 points in July from a revised figure of 92.2 points in June, according to data from the Ifo Institute. This is the lowest level […]
Germany: Businesses increasingly reluctant to hire new staff (Ifo)
German companies are becoming increasingly reluctant to hire new staff, the Ifo Institute said. The institute’s employment barometer fell to 103.3 points in June from 104 points in May. However, the demand for labor remains high and the shortage of skilled workers remains a major problem for German companies, Ifo said. In manufacturing, the employment […]
Germany: The climate between export companies has deteriorated slightly
The climate among German export companies has deteriorated slightly in June, according to the Ifo Institute. Expectations for exports fell to 3.7 points in June from 4.4 points in May. “Logistics problems and a high level of uncertainty are exacerbating the prospects for German exports,” said Ifo’s Clemens Faust. However, optimism has returned to the […]
Germany: Ifo business confidence plummeted
Business confidence in Germany deteriorated in June as retail and manufacturing companies became more pessimistic due to rising costs and the threat of gas shortages. The Ifo business climate index fell to 92.3 points in June from 93 points in May, according to the institute. Economists expected the index to reach 92.5 points. “The climate […]
Germany: The Ifo Institute downgraded economic estimates in 2022
The German economy is expected to grow at a slower pace than previously expected for 2022, due to the economic consequences of the war in Ukraine, the Ifo Institute stressed. The German institute cut German growth estimates to 2.5% from 3.1% previously, while revising inflation estimates to 6.8% from 5.1%. “At the beginning of the […]
Germany: Climate between export companies improves (Ifo)
The mood among German export companies improved in May despite supply chain problems in the industry. According to a survey by the Ifo Institute, the export expectations index rose to 4.5 points from 3 points in April. A statement added that German companies remained cautious and “logistics problems continue to be a significant burden”. The […]
Germany: Ifo business confidence boosted in May
Business confidence in Germany rose in May as German companies viewed their current business situation with less pessimism. Ifo’s business confidence index rose to 93 points in May from a revised 91.9 points in April. Economists had expected the index to fall to 91.2 points. “The German economy has proved resilient to concerns about inflation, […]
Germany: Higher than ever the outstanding balance in manufacturing
The outstanding balance of German manufacturing companies is at an all-time high, according to a survey released today, as businesses struggle to meet high demand due to supply problems. Even without a new order, production could continue for 4.5 months, Ifo said, citing the results of a survey in which about 2,000 companies took part […]