Germany November Ifo business climate index 88.1 vs 88.5 expected

  • Latest data released by Ifo - 24 November 2025
Germany DE
  • Prior 88.4
  • Current conditions 85.6 vs 85.5 expected
  • Prior 85.3
  • Expectations 90.6 vs 91.4 expected
  • Prior 91.6

The German business morale dipped slightly in the latest month, with the expectations/outlook index also easing. This reaffirms a more cautious mood surrounding business sentiment in Europe's largest economy, which has been persisting since the middle of the year. Higher price pressures are likely still a key sticking point as we look towards the end of the year.

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