IFO – Current Assessment

The IFO Current Assessment released by the CESifo Group is closely watched as an indicator of current conditions and business expectations in Germany. The Institute surveys more than 7,000 enterprises on their assessment of the business situation and their short-term planning. The positive economic growth anticipates bullish movements for the EUR, while a low reading is seen as negative (or bearish).Review Alex Nekritin's Article - Trading Euro with IFO Report

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Most recent - Monday 24 February 2025 09:00

Revised

Forecast

86.5

Actual

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Next event - Monday 24 March 2025 09:00

Forecast

Actual

The typical/expected impact on EUR pairs is medium.

There is no forecast value for IFO – Current Assessment yet - check back for updates.

Trading range

Forecast history

The most recent announced value for IFO – Current Assessment was 85 against a forecast of 86.5.

Past events

Date

Forecast

Actual

Monday 24 February 2025 09:00

86.5

Monday 27 January 2025 09:00

85.4

86.1

Tuesday 17 December 2024 09:00

85.1

Monday 25 November 2024 09:00

85.4

84.3

Friday 25 October 2024 08:00

84.4

85.7

Tuesday 24 September 2024 08:00

86.1

84.4

Monday 26 August 2024 08:00

86.5

Thursday 25 July 2024 08:00

88.5

87.1

Monday 24 June 2024 08:00

88.4

88.3

Monday 27 May 2024 08:00

89.9

88.3

Wednesday 24 April 2024 08:00

88.7

88.9

Friday 22 March 2024 09:00

86.8

88.1

Friday 23 February 2024 09:00

86.7

86.9

Thursday 25 January 2024 09:00

88.6

Monday 18 December 2023 09:00

89.5

88.5

Friday 24 November 2023 09:00

89.5

89.4

Wednesday 25 October 2023 08:00

88.5

89.2

Monday 25 September 2023 08:00

88.7

Friday 25 August 2023 08:00

Tuesday 25 July 2023 08:00

91.3

Monday 26 June 2023 08:00

93.5

93.7

Wednesday 24 May 2023 08:00

94.8

Monday 24 April 2023 08:00

96.1

Monday 27 March 2023 08:00

94.1

95.4

Wednesday 22 February 2023 09:00

93.9

Wednesday 25 January 2023 09:00

94.1

Monday 19 December 2022 09:00

93.5

94.4

Thursday 24 November 2022 09:00

93.8

93.1

Tuesday 25 October 2022 08:00

92.4

94.1

Monday 26 September 2022 08:00

94.5

Thursday 25 August 2022 08:00

97.5

Monday 25 July 2022 08:00

98.2

97.7

Friday 24 June 2022 08:00

99.1

99.3

Monday 23 May 2022 08:00

97.2

99.5

Monday 25 April 2022 08:00

95.8

97.2

Friday 25 March 2022 09:00

96.5

Economic context

Recent economic data has been moderately bullish for EUR. Other recent announcements which may affect the market's interpretation of the next IFO – Current Assessment result:

		Previous	Latest
Consumer Price Index (MoM)	Bullish change	-0.2%	0.4%
Consumer Price Index (YoY)	(no change)	2.3%	2.3%
Harmonized Index of Consumer Prices (MoM)	Bullish change	-0.2%	0.6%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.8%	2.8%
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	Bullish change	1.5%	1.7%
Unemployment Change	Bullish change	11K	5K
Unemployment Rate s.a.	(no change)	6.2%	6.2%
Consumer Price Index (EU norm) (YoY)	Bearish change	1.8%	0.9%
Retail Sales (MoM)	Bullish change	-1.6%	0.2%
Retail Sales (YoY)	Bullish change	1.8%	2.9%
Business Climate	Bullish change	-0.92	-0.74
Consumer Confidence	(no change)	-13.6	-13.6
Economic Sentiment Indicator	Bullish change	95.3	96.3
Harmonized Index of Consumer Prices (YoY)	(no change)	2.9%	2.9%
GfK Consumer Confidence Survey	Bearish change	-22.4	-24.7
Gross Domestic Product (QoQ)	(no change)	-0.2%	-0.2%
Gross Domestic Product (YoY)	(no change)	-0.2%	-0.2%
Gross Domestic Product w.d.a (YoY)	(no change)	-0.4%	-0.4%
Core Harmonized Index of Consumer Prices (MoM)	Bullish change	-1%	-0.9%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.7%	2.7%
Harmonized Index of Consumer Prices (MoM)	(no change)	-0.3%	-0.3%
IFO – Business Climate	(no change)	85.2	85.2
IFO – Expectations	Bullish change	84.3	85.4
HCOB Composite PMI	(no change)	50.2	50.2
HCOB Manufacturing PMI	Bullish change	46.6	47.3
HCOB Services PMI	Bearish change	51.3	50.7
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	(no change)	1.5%	1.5%
HCOB Composite PMI	Bullish change	50.5	51
HCOB Manufacturing PMI	Bullish change	45	46.1
HCOB Services PMI	Bearish change	52.5	52.2
HCOB Composite PMI	Bearish change	47.6	44.5
HCOB Manufacturing PMI	Bullish change	45	45.5
HCOB Services PMI	Bearish change	48.2	44.5
Consumer Confidence	Bullish change	-14.2	-13.6
Producer Price Index (MoM)	(no change)	-0.1%	-0.1%
Producer Price Index (YoY)	Bearish change	0.8%	0.5%
ZEW Survey – Current Situation	Bullish change	-90.4	-88.5
ZEW Survey – Economic Sentiment	Bullish change	10.3	26
ZEW Survey – Economic Sentiment	Bullish change	18	24.2
Consumer Price Index (EU norm) (YoY)	(no change)	1.8%	1.8%

About IFO – Current Assessment

Country:	Germany
Currency:	EUR
Source:	IFO Institute
Category:	Economic Activity
Frequency:	Monthly

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	Germany		ZEW Survey – Current Situation
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	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
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	France		S&P Global Manufacturing PMI
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Calendar - IFO – Current Assessment - Germany

IFO – Current Assessment

Most recent - Monday 24 February 2025 09:00

Next event - Monday 24 March 2025 09:00

Trading range

Trading range after each IFO – Current Assessment event

Forecast history

Past events

Economic context

About IFO – Current Assessment

Related events