Germany January Ifo business climate index 85.2 vs 86.7 expected

  • Latest data released by Ifo - 25 January 2024
  • Prior 86.4; revised to 86.3
  • Current conditions 87.0 vs 88.6 expected
  • Prior 88.5
  • Outlook 83.5 vs 84.8 expected
  • Prior 84.3; revised to 84.2

It is misses across the board as even the expectations/outlook index declined to start the year. That reaffirms the German economy is in a rough spot at the moment, with the manufacturing recession, weak consumption activity, and stubborn inflation pressures all weighing.

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