X

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 - Friday 24 November 2023 09:00

Previous
84.7
Revised
84.8
Forecast
85.7
Actual
85.2

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

Next event - Monday 18 December 2023 09:00

Previous
85.2
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 85.2 against a forecast of 85.7.

Past events

Date
Forecast
Actual
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
Wednesday 24 November 2021 09:00
95
94.2
Monday 25 October 2021 08:00
96.4
95.4
Friday 24 September 2021 08:00
100
97.3
Wednesday 25 August 2021 08:00
100
97.5
Monday 26 July 2021 08:00
103.3
101.2
Thursday 24 June 2021 08:00
103.9
104
Tuesday 25 May 2021 08:00
101.4
102.9
Monday 26 April 2021 08:00
101.3
99.5
Friday 26 March 2021 09:00
95.2
100.4
Monday 22 February 2021 09:00
91.8
94.2
Monday 25 January 2021 09:00
93.2
91.1
Friday 18 December 2020 09:00
92.5
92.8

Economic context

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

PreviousLatest
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Employment Change (QoQ)Bullish change0.1%0.2%
Gross Domestic Product s.a. (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product s.a. (YoY)Bearish change0.1%0%
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-3.6%-3.5%
Industrial Production s.a. (MoM)Bullish change-1.3%-0.4%
Retail Sales (MoM)Bullish change-0.1%0.1%
Retail Sales (YoY)Bullish change-2.9%-1.2%
Factory Orders n.s.a. (YoY)Bearish change-4.3%-7.3%
Factory Orders s.a. (MoM)Bearish change-0.5%-3.7%
Producer Price Index (MoM)Bearish change0.5%0.2%
Producer Price Index (YoY)Bullish change-12.4%-9.4%
HCOB Composite PMIBullish change47.147.6
HCOB Composite PMIBullish change47.147.8
HCOB Services PMIBullish change48.749.6
HCOB Services PMIBullish change47.749.5
HCOB Services PMIBearish change51.151
Sentix Investor ConfidenceBullish change-18.6-16.8
Trade Balance s.a.Bullish change€16.7B€17.8B
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change0%0.1%
HCOB Manufacturing PMIBullish change42.342.6
HCOB Manufacturing PMIBearish change44.944.4
HCOB Manufacturing PMIBullish change45.146.3
Consumer Price Index (EU Norm) (YoY)Bearish change1.8%0.7%
Consumer Price Index (YoY)Bearish change1.7%0.8%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change4.2%3.6%
Harmonized Index of Consumer Prices (MoM)Bearish change0.1%-0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Unemployment Rate(no change)6.5%6.5%
Unemployment ChangeBullish change30K22K
Unemployment Rate s.a.Bearish change5.8%5.9%
Consumer Price Index (EU norm) (YoY)Bearish change4.5%3.8%
Retail Sales (MoM)Bullish change-0.8%1.1%
Retail Sales (YoY)Bullish change-4.3%-0.1%
Consumer Price Index (MoM)Bearish change0%-0.4%
Consumer Price Index (YoY)Bearish change3.8%3.2%
Harmonized Index of Consumer Prices (MoM)Bearish change-0.2%-0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change3%2.3%
Business ClimateBearish change-0.33-0.39
Consumer Confidence(no change)-16.9-16.9
Economic Sentiment IndicatorBullish change93.593.8
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%3.2%
Gfk Consumer Confidence SurveyBullish change-28.1-27.8

About IFO – Expectations

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

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