Deutschland Unternehmensvertrauen

The Ifo Business Climate indicator for Germany increased for the first time in five months to 86.5 in October 2024 from 85.4 in September which was the lowest reading since January, and beating forecasts of 85.6. The sub-index for current conditions improved to 85.7 from 84.4, and business expectations went up to 87.3 from 86.4. “Expectations were brighter but marked by skepticism. The German economy stopped the decline for the time being”, Ifo President Clemens Fuest said. In manufacturing, the downward trend did not continue in this month, due to noticeably less pessimistic expectations. However, they assessed the current business situation as considerably worse. The lack of orders remains a core problem. Capacity utilization fell by 1.2 percentage points and, at 76.5%, is significantly below the long-term mean of 83.4%. In the service sector, the Business Climate Index returned to positive territory, with sentiment improving especially in logistics, tourism, and IT.