Germany’s Ifo Expectations Index Jumps to 86.7 for Third Month as Current Conditions Slip
Updated
Updated · Bloomberg · Jul 27
Germany’s Ifo Expectations Index Jumps to 86.7 for Third Month as Current Conditions Slip
3 articles · Updated · Bloomberg · Jul 27
Summary
Germany’s business outlook improved for a third straight month, with the Ifo expectations index rising to 86.7 in July from a revised 84.3.
86.7 beat every estimate in a Bloomberg economist survey, whose median forecast was 84.8, signaling resilience despite higher energy prices and uncertainty tied to Iran.
The brighter outlook was not broad-based: Ifo’s gauge of current conditions unexpectedly retreated, tempering the signal from stronger expectations.
The latest reading adds to evidence that German business sentiment is holding up even as geopolitical risks and energy costs remain a drag on Europe’s largest economy.