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Ifo Business Climate Survey

What is 'Ifo Business Climate Survey'

A key monthly survey that measures the business climate in Germany. It is widely followed as an early indicator of the state of the German economy. The Ifo Business Climate Survey is based on approximately 7,000 monthly survey responses from firms in manufacturing, construction, wholesale and retail. As the largest economy in the European Union, Germany's business climate has implications for the rest of the European Union.

Explaining 'Ifo Business Climate Survey'

Firms included in the Ifo business climate survey are asked to submit their assessments of current business conditions and expectations for the next six months. The balance value of the current business situation is the difference in the percentages of the "good" and "poor" responses, while the balance value of the expectations is the difference in the percentage of the responses marked "more favorable" and "more unfavorable." The business climate is a transformed mean of the balances of the current business situation and expectations.


Further Reading


Rational forecasts or social opinion dynamics? Identification of interaction effects in a business climate survey
www.sciencedirect.com [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

Uncertainty and economic activity: Evidence from business survey dataUncertainty and economic activity: Evidence from business survey data
www.aeaweb.org [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

Markov-switching and the Ifo business climate: the Ifo business cycle traffic lightsMarkov-switching and the Ifo business climate: the Ifo business cycle traffic lights
papers.ssrn.com [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

Socioeconomic interaction and swings in business confidence indicatorsSocioeconomic interaction and swings in business confidence indicators
www.sciencedirect.com [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

The New ifo Business Climate Index for GermanyThe New ifo Business Climate Index for Germany
www.econstor.eu [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

The Accuracy of Turning Point Predictions with the Ifo Business ClimateThe Accuracy of Turning Point Predictions with the Ifo Business Climate
ideas.repec.org [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …

Innovation panel surveys in GermanyInnovation panel surveys in Germany
www.elgaronline.com [PDF]
… It is not difficult to imagine that respondents' changing assessments of the economic outlook are at … approximation to the social component of the dynamics of the ZEW survey (and maybe … agents so that they have some feeling for the change of business climate even between the …


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