Snapshot for IFO Pan Germany Current Assessment (GRIFPCA)

Rate Profile Information for GRIFPCA

The Ifo Business Climate Index 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 characterize their situation as 'good', 'satisfactory' or 'poor' and their business expectations for the next six months as 'more favorable', 'unchanged' or 'more unfavorable'. The balance value of the current business situation is thedifference 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 favorable' and 'more unfavorable'. The business climate is a transformed mean of the balances of the business situation and the expectations. For calculating the index values the transformed balances are all normalised to the average of the year 2005. ***Please note: Current month data will not be seen until the last day of the current month. It can be viewed in GP, HP, etc. by changing the date range out to the last day of the current month.**** General Business Climate Index - The survey is conducted monthly by asking approximately 7000 companies throughout Germany two questions concerning firstly how business is performing in the current period and secondly about how they expect it to perform in the next 6 months. This index is for the total of Germany, based at 2000=100 as of February 24, 2004. For further economic statistics type: ECST .