Germany July Ifo business climate index 88.6 vs 89.0 expected

  • Latest data released by Ifo - 25 July 2025
Germany IL
  • Prior 88.4
  • Current conditions 87.8 vs 86.7 expected
  • Prior 86.2
  • Expectations 90.7 vs 91.1 expected
  • Prior 90.7; revised to 90.6

The headline reading shows a marginal improvement to June with the outlook reading also reflecting a similar rise. The current conditions estimate did see a modest increase, reaffirming more upbeat sentiment going into Q3. Overall, there is still optimism surrounding the German economy amid fiscal hopes but Trump tariffs will remain a potential headwind - if not already as evident by the Volkswagen earnings for Q2 today.

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