Date
GMT+01:00
Event Previous Forecast Actual
Apr, 24 09:00
★★
Ifo Business Climate Index
Ifo Business Climate Index
Country:
Date: Apr, 24 09:00
Importance: Medium
Previous: 99.6
Forecast: 99.9
Actual: -
Period: Apr

The Ifo Business Climate Index is a closely followed leading indicator for economic activity in Germany prepared by the Ifo Institute for Economic Research in Munich. It is based on ca. 7,000 monthly survey responses of firms in manufacturing, construction, wholesaling and retailing. The firms are asked to give their assessments of the current business situation and their expectations for the next six months. They can characterise their situation as "good", "satisfactorily" or "poor" and their business expectations for the next six months as "more favourable", "unchanged" or "more unfavourable". The replies are weighted according to the importance of the industry and aggregated. The balance value of the current business situation is the difference of the percentages of the responses "good" and "poor", the balance value of the expectations is the difference of the percentages of the responses "more favourable" and "more unfavourable". The business climate is a mean of the balances of the business situation and the expectations.

99.6 99.9 -
Apr, 24 09:00
★★
Ifo Current Assessment
Ifo Current Assessment
Country:
Date: Apr, 24 09:00
Importance: Medium
Previous: 103.8
Forecast: 103.6
Actual: -
Period: Apr

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP.

Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Current Assessment
Measures current German business conditions, without considering future expectations.

103.8 103.6 -
Apr, 24 09:00
★★
IFO - Expectations
IFO - Expectations
Country:
Date: Apr, 24 09:00
Importance: Medium
Previous: 95.6
Forecast: 96.0
Actual: -
Period: Apr

One of the country's key business sentiment surveys (Ifo - Information and Forschung Survey). The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Eurozone, Germany is responsible for approximately a quarter of the total Eurozone GDP. Consequently, the German Ifo is a significant economic health indicator for the Eurozone as a whole. Positive readings bode well for the economy, suggesting increased consumer spending and economic growth. Conversely, low Ifo readings may be indicative of economic slowdown.

The index uses 100 as a centerline between positive and negative outlooks; the further the value is from 100 the stronger the sentiment. The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

Ifo Expectations
Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

95.6 96.0 -
Apr, 24 09:30
★★
Public Sector Net Borrowing
Public Sector Net Borrowing
Country:
Date: Apr, 24 09:30
Importance: Medium
Previous: -0.7bln; 0.2bln
Forecast: -0.8bln; 0.4bln
Actual: -
Period: Mar
In the U.K., the amount of expenditures less the total receipts taken in by the government. Public sector net borrowing is the measure of fiscal surpluses and deficits along with the amount of new debt created. If this number is positive, it means the U.K. is running a fiscal deficit, while a negative number represents a fiscal surplus.
-0.7bln; 0.2bln -0.8bln; 0.4bln -
Apr, 24 10:30
10-y Bond Auction
10-y Bond Auction
Country:
Date: Apr, 24 10:30
Importance: Low
Previous: -0.05%; 2.6
Forecast: -
Actual: -
Period: Apr
10-y Bond Auction is a leading market demand and profitability indicator. Profit falls compared to the previous auctions generally have a favourable influence on the currency.
-0.05%; 2.6 - -