Germany September Ifo business climate index 98.8 vs 98.9 expected

Author: Justin Low | Category: News

Latest data released by Ifo - 24 September 2021

  • Prior 99.4; revised to 99.6
  • Current conditions 100.4 vs 101.8 expected
  • Prior 101.4
  • Expectations 97.3 vs 96.5 expected
  • Prior 97.5
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The readings are more or less in-line with estimates though current conditions were a touch softer than anticipated, with all three readings showing further moderation towards the end of Q3. Of note, the headline is a five-month low reading.

This reaffirms that supply bottlenecks and capacity constraints are still weighing on the German economic outlook and will likely temper with economic prospects in Q4.

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