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Wednesday, May 29, 2024

EUR – Ifo Business Climate (Mar)

Date

Mar 22 2024
Expired!

Time

11:00 am - 11:00 am
Home Events - Quantum Strikes Business Confidence EUR – Ifo Business Climate (Mar)

According Entrepreneurs’ feelings about their current business position and their aspirations for the next six months are measured by the IFO Business Climate Index, which is used in Germany. The poll is conducted over the phone and includes 9,000 organizations from the manufacturing, service, commerce, and construction industries. The difference between the percentage share of executives who are optimistic and the percentage share of executives who are pessimistic is calculated by the Business Climate Balance. This balance can have values ranging from -100 (all responding firms consider their situation to be terrible and anticipate that business will decline) to +100 (all responding firms believe their situation to be excellent and expect business to improve). To calculate the IFO Business Climate Index, the Balance is normalized to the average of a base year’s balance (currently 2015).

A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.

Source: Ifo Institute

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