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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
GermanyIfo Business Climate fell to 84.4 in April 2026
Financial Modeling PrepMonthlyReleased April 2026
Ifo Business Climate fell to 84.4 in April 2026, down 1.9 from March's 86.3 reading. The reading matched the 85.5 consensus. Ifo Business Climate has now declined for 3 consecutive months. Over the past 3 months, Ifo Business Climate averaged 87.53, vs 88.03 in the prior 3-month window. Ifo Business Climate is now the lowest in 36 months.
Latest Release
84.4
Actual
85.5
Consensus
86.3
Previous
The April 2026 reading fell from the previous value of 86.3. Historically, this indicator is negatively correlated with DAX (Bearish DAX) and negatively correlated with S&P 500 (Bearish S&P 500).
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Ifo Business Climate - DE
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Economic Calendar - DE Events
| Tuesday, May 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Inflation Rate MoM | 0.6 | 1.1 | 0.6 | 0.60 | Low |
| 06:00 | DE | Harmonised Inflation Rate YoY | 2.9 | 2.8 | 2.9 | 2.90 | Low |
| 06:00 | DE | Inflation Rate YoY | 2.9 | 2.7 | 2.9 | 2.90 | Low |
| 06:00 | DE | Harmonised Inflation Rate MoM | 0.5 | 1.2 | 0.5 | 0.50 | Low |
| 06:00 | DE | HICP YoY | 2.9 | 2.8 | 2.9 | 2.90 | Low |
| 06:00 | DE | HICP MoM | 0.5 | 1.2 | 0.5 | 0.50 | Low |
| 06:00 | DE | CPI YoY | 2.9 | 2.7 | 2.9 | 2.90 | Medium |
| 06:00 | DE | CPI MoM | 0.6 | 1.1 | 0.6 | 0.60 | High |
| 09:00 | DE | ZEW Current Conditions | -77.8 | -73.7 | -77.5 | -77.65 | Low |
| 09:00 | DE | ZEW Economic Sentiment Index | -10.2 | -17.2 | -19.8 | -15.00 | High |
| 09:00 | DE | Economic Sentiment | -10.2 | -17.2 | -19.2 | -14.70 | Medium |
| Wednesday, May 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | DE | Wholesale Prices MoM | 2.7 | 1 | 1.30 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 4.1 | 5.2 | 5.50 | Medium | |
| 12:45 | DE | Current Account | 22 | 18.4 | 19.35 | Low | |