IFO – Expectations

The IFO Expectations released by the CESifo Group is closely watched as an early indicator of current conditions and business expectations for the next six months, where firms rate the future outlook as better, same, or worse. An optimistic view of those 7,000 business leaders and senior managers is considered as positive, or bullish for the EUR, whereas a pessimistic view is considered as negative, or bearish.Review Alex Nekritin's Article - Trading Euro with IFO Report

Most recent - Monday 25 November 2024 09:00

Previous
87.3
Revised
-
Forecast
87
Actual
87.2

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

Next event - Monday 23 December 2024 09:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

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

Trading range

Forecast history

The most recent announced value for IFO – Expectations was 87.2 against a forecast of 87.

Past events

Date
Forecast
Actual
Monday 25 November 2024 09:00
87
87.2
Friday 25 October 2024 08:00
86.8
87.3
Tuesday 24 September 2024 08:00
86.3
86.3
Monday 26 August 2024 08:00
86.5
86.8
Thursday 25 July 2024 08:00
89
86.9
Monday 24 June 2024 08:00
91
89
Monday 27 May 2024 08:00
90.5
90.4
Wednesday 24 April 2024 08:00
88.9
89.9
Friday 22 March 2024 09:00
84.7
87.5
Friday 23 February 2024 09:00
84
84.1
Thursday 25 January 2024 09:00
84.8
83.5
Monday 18 December 2023 09:00
85.8
84.3
Friday 24 November 2023 09:00
85.7
85.2
Wednesday 25 October 2023 08:00
83.3
84.7
Monday 25 September 2023 08:00
82.8
82.9
Friday 25 August 2023 08:00
83.8
82.6
Tuesday 25 July 2023 08:00
83
83.5
Monday 26 June 2023 08:00
88
83.6
Wednesday 24 May 2023 08:00
91.9
88.6
Monday 24 April 2023 08:00
91.6
92.2
Monday 27 March 2023 08:00
88
91.2
Wednesday 22 February 2023 09:00
88.3
88.5
Wednesday 25 January 2023 09:00
85
86.4
Monday 19 December 2022 09:00
82
83.2
Thursday 24 November 2022 09:00
77
80
Tuesday 25 October 2022 08:00
75
75.6
Monday 26 September 2022 08:00
78.6
75.2
Thursday 25 August 2022 08:00
79
80.3
Monday 25 July 2022 08:00
83
80.3
Friday 24 June 2022 08:00
87.4
85.8
Monday 23 May 2022 08:00
85.8
86.9
Monday 25 April 2022 08:00
83.5
86.7
Friday 25 March 2022 09:00
92
85.1
Tuesday 22 February 2022 09:00
96.1
99.2
Tuesday 25 January 2022 09:00
93
95.2
Friday 17 December 2021 09:00
93.5
92.6

Economic context

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

PreviousLatest
Industrial Production s.a. (MoM)Bullish change-1.5%0%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Consumer Price Index (EU norm) (YoY)(no change)1.7%1.7%
Trade Balance s.a.Bearish change€17B€13.4B
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.4%2.4%
Sentix Investor ConfidenceBearish change-12.8-17.5
Employment Change (QoQ)(no change)0.2%0.2%
Gross Domestic Product s.a. (QoQ)(no change)0.4%0.4%
Gross Domestic Product s.a. (YoY)(no change)0.9%0.9%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-4.3%-4.5%
Industrial Production s.a. (MoM)Bullish change-2%-1%
Retail Sales (MoM)Bearish change0.5%-0.5%
Retail Sales (YoY)Bearish change3%1.9%
Factory Orders n.s.a. (YoY)Bullish change4.2%5.7%
Factory Orders s.a. (MoM)Bearish change7.2%-1.5%
Producer Price Index (MoM)Bullish change-0.6%0.4%
Producer Price Index (YoY)Bullish change-3.4%-3.2%
HCOB Composite PMIBullish change48.148.3
HCOB Composite PMIBearish change47.347.2
HCOB Services PMIBearish change49.449.3
HCOB Services PMIBearish change54.953.1
Unemployment Rate(no change)6.3%6.3%
Gross Domestic Product (QoQ)(no change)0%0%
Gross Domestic Product (YoY)(no change)0.4%0.4%
HCOB Manufacturing PMIBearish change43.243
HCOB Manufacturing PMIBearish change46.944.5
HCOB Manufacturing PMIBearish change54.553.1

About IFO – Expectations

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

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