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Chapter 4. International Economic Indica... > German IFO Business Climate Index
German IFO Business Climate Index
What Is It: German business leaders assess the current and future economic climate.
Most Current News Release on the Internet: www.cesifo-group.de/portal/page/portal/ifoHome/a-winfo
Home Web Address: www.cesifo-group.de/portal/page/portal/ifoHome
Release Time: 10:30 a.m. (Continental time); published the third or fourth week of the survey month.
Frequency: Monthly.
Source: The CESifo Group.
Revisions: Tend to be rare. Periodic revisions occur as a result of changes in seasonal adjustment factors.
Among the most anticipated economic statistics to come out in Europe every month is Germany’s IFO Business Climate Index. From the time it was launched in 1949, this series has proven to be a very good leading indicator of how the German economy and, more broadly, the European economy will perform in the weeks ahead. Of course, a similar claim was made of the industrial production index. But what makes the IFO report such a sensitive one for investors is the timeliness of the data—the results are released the same month the survey is taken.
