Germany September Ifo business climate index 84.3 vs 87.0 expected


  • Latest data released by Ifo – 26 September 2022
Justin Low

Justin Low

Monday, 26/09/2022 | 08:00 GMT-0

26/09/2022 | 08:00 GMT-0

  • Prior 88.5; revised to 88.6
  • Expectations 75.2 vs 79.0 expected
  • Prior 80.3; revised to 80.5
  • Current conditions 94.5 vs 96.0 expected
  • Prior 97.5

This is a stinker of a report and won’t do the euro much comfort as it just reaffirms a further deterioration in economic sentiment in Europe’s largest economy. As inflation continues to stay elevated, that is weighing on demand ahead of a rather bleak winter in which the energy crisis will take center stage. Sure, Germany has enough gas storage to stave off a catastrophe but a recession is already on the cards surely.

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