Germany: Business confidence survey
* indicates monthly or quarterly data series
The most recent value is -8.7 points as of May 2025, an increase compared to the previous value of -10 points. Historically, the average for Germany from January 2005 to May 2025 is 9.08 points. The minimum of -36 points was recorded in April 2020, while the maximum of 29.4 points was reached in November 2017.
Click on the following link to see the values of: Business confidence survey around the world.
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* indicates monthly or quarterly data series
- Measure: points
- Source: Ifo Institute for Economic Research
| Recent values | Germany: Business confidence survey |
|---|---|
| 2025 May | -8.7 |
| 2025 Apr | -10 |
| 2025 Mar | -10.5 |
| 2025 Feb | -13.5 |
| 2025 Jan | -13.8 |
| 2024 Dec | -14.8 |
| 2024 Nov | -12.9 |
| 2024 Oct | -10.9 |
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Definition: The business survey indicator provides information on the amount of optimism or pessimism that business managers feel about the prospects of their companies, based upon opinion surveys on developments in production, orders and stocks of finished goods and the general economic situation of the company. It can be used to monitor output growth and to anticipate turning points in economic activity.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -2.40 | 4/2025 | percent |
| Retail sales | 99.30 | 4/2025 | index points |
| Retail sales Y-on-Y | 2.69 | 4/2025 | percent |
| House price index | 173.20 | Q4/2024 | index points |
| Real residential property prices Y-on-Y change | -0.35 | Q4/2024 | percent |
| Business confidence survey | -8.70 | 5/2025 | points |
| Consumer confidence | -8.70 | 5/2025 | points |