Loading page content
Data from ZEW / IFO / GfK. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Ifo Current Conditions fell to 88.8 in October 2026
ZEW / IFO / GfKMonthlyReleased October 2026
Germany Ifo Current Conditions fell to 88.8 in October 2026, down 0.7 from September's 89.5 reading. The reading matched the 89.9 consensus. Year-over-year, the indicator is up 3.5. Over the past 3 months, Ifo Current Conditions averaged 89, vs 86.53 in the prior 3-month window. The reading is in the 94th percentile of the trailing 24-month range.
Latest Release
88.8
Actual
89.9
Consensus
89.5
Previous
Median Absolute Error
±0.69
across last 12 releases
Last Call
Oct 2026
Predicted: 90.4
Actual: 88.8
Error: +1.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▼ Inverse | −0.71 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.52 | COMMODITIES | Moves against | → View |
| DAX | ▼ Inverse | −0.31 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Ifo Current Conditions (Germany) was reported at 88.80 in October 2026. This missed the market consensus of 89.90 by 1.10. The reading fell from the previous value of 89.50. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 86.97, ranging from 85.60 to 89.50 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 88.93, up from the prior three at 86.53. Volatility over the past year (σ 1.30) is higher than the prior year (σ 0.65). In October readings over the past 3 years, Ifo Current Conditions has averaged 86.60.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.69.
WHAT TO WATCH NEXT
The next release is scheduled for November 24, 2026. Same-country events in the next 14 days include Inflation Rate YoY (Oct 30) and Inflation Rate MoM (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Ifo Current Conditions - DE
Loading chart data...
About Ifo Current Conditions — Germany
DEFINITION
Ifo Current Conditions is a widely recognized financial indicator that measures the current economic situation in Germany. It is based on a monthly survey of over 9,000 businesses across various industries, providing valuable insights into the country's economic performance. This indicator is closely monitored by investors, policymakers, and analysts as it reflects the overall health of the German economy and can impact financial markets. A higher Ifo Current Conditions reading indicates a strong economy, while a lower reading suggests a weaker economic environment.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 88.8, consensus 89.9. Prior reading (Sep 2026): 89.5. Before that (Aug 2026): 88.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.71) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - DE Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | DE | Import Prices MoM | 2.1 | 1 | 1.8 | 1.95 | Low |
| 07:00 | DE | Import Prices YoY | 10.4 | 8.3 | 10.3 | 10.35 | Low |
| 08:55 | DE | Unemployment Rate | 6.4 | 6.4 | 6.4 | 6.43 | High |
| 08:55 | DE | Unemployed Persons | 3.016 | 3.012 | 3.017 | 3.02 | Medium |
| 08:55 | DE | Employment Change | 4 | 12 | 5 | 5.00 | High |
| 09:00 | DE | GDP Growth Rate QoQ | 0.2 | 0.3 | 0.1 | 0.15 | High |
| 09:00 | DE | GDP Growth Rate YoY | 1.2 | 1 | 1.1 | 1.15 | High |