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Knowledge Crunch

IFO Business Climate Index

Tuesday, November 24, 2015 12:00 AM GMT

?Economists are talking today about the IFO measurement that Germany is about to publish. Again it is one of those fad words  that we are familiar with, we think we know  but in reality its mere definition evades us.

?IFO Business Climate Index stands for the  ifo Konjunkturperspektiven (in German) and it one of the most respective leading indication for the German economy followed closely by the markets. It is actually a monthly survey conducted among German companies that reveal their assessment (positive or negative) on the current business situation. It is published monthly by the ifo Institut Center of Economic Studies in Munchen since 1972.

The index measures 7,000 survey replies that express their opinions (good, poor, satisfactory) about the current state of the economy along with what they expect six months (more favorable, unchanged, less favorable) ahead will be.

As an indicator or economic activity it is closely monitored as a supplement data from the official statistics, as being easily accessible and more frequently measurement than compared for example with the GDP data.  

Disclaimer: This blog content is written merely with educational purposes and does not contain any financial or trading advice.
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