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.
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Next Event -
The typical/expected impact on EUR pairs is Medium.
Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.
Most Recent -
Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.
Past Events
| Date | Time | Actual | Consensus |
|---|---|---|---|
| 23 February 2026 | 09:00 | 90.5 | 90.5 |
| 26 January 2026 | 09:00 | 89.5 | - |
| 17 December 2025 | 09:00 | 89.7 | 90.5 |
| 24 November 2025 | 09:00 | 90.6 | - |
| 27 October 2025 | 09:00 | 91.6 | - |
| 24 September 2025 | 08:00 | 89.7 | 92 |
| 25 August 2025 | 08:00 | 91.6 | 90.2 |
| 25 July 2025 | 08:00 | 90.7 | 91.1 |
| 24 June 2025 | 08:00 | 90.7 | 90 |
| 22 May 2025 | 08:00 | 88.9 | 88 |
| 24 April 2025 | 08:00 | 87.4 | 85 |
| 25 March 2025 | 09:00 | 87.7 | 87.9 |
| 24 February 2025 | 09:00 | 85.4 | 85.2 |
| 27 January 2025 | 09:00 | 84.2 | 84 |
| 17 December 2024 | 09:00 | 84.4 | 87.5 |
| 25 November 2024 | 09:00 | 87.2 | 87 |
| 25 October 2024 | 08:00 | 87.3 | 86.8 |
| 24 September 2024 | 08:00 | 86.3 | 86.3 |
| 26 August 2024 | 08:00 | 86.8 | 86.5 |
| 25 July 2024 | 08:00 | 86.9 | 89 |