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German IFO Business Survey
Posted By: TradersLog
Importance: High.
Published by: IFO Institute for Economic Research.
Frequency: Monthly.
Release Time: 10 AM Continental Time during the Final Week of the Month
Coverage: Same month as the release.
Web: http://www.cesifo-group.de/portal/page?_pageid=36,34759&_dad=portal&_schema=PORTAL
Revisions: Rare
The German IFO Business Survey provides an assessment of the current and upcoming economic climate – and is derived from the feedback of over 7,000 German Business Leaders. It is seen as a leading indicator of both the German and the European economy’s wellbeing. The data in the report is fresh – covering the same month as it’s release.
The report includes the total IFO Business Climate Index and two subcomponents – the present situations index (which covers current economic conditions) and the expectations index (which attempts to forecast economic conditions). The European markets are most sensitive to the expectations index.
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