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Data from ZEW / IFO / GfK. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Ifo Current Conditions climbed to 88.5 in August 2026
ZEW / IFO / GfKMonthlyReleased August 2026
Germany Ifo Current Conditions climbed to 88.5 in August 2026, up 2 from July's 86.5 reading. The reading matched the 87 consensus. Year-over-year, the indicator is up 2.1. Over the past 3 months, Ifo Current Conditions averaged 86.75, vs 86.07 in the prior 3-month window. Ifo Current Conditions is now the highest in 27 months.
Latest Release
88.5
Actual
87
Consensus
86.5
Previous
Median Absolute Error
±0.66
across last 12 releases
Last Call
Aug 2026
Predicted: 86.95
Actual: 88.5
Error: -1.55
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 | −0.70 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.30 | CRYPTO | Moves against | → View |
| DAX | ▼ Inverse | −0.30 | 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 88.50 in August 2026. This beat the market consensus of 87.00 by 1.50. The reading rose from the previous value of 86.50. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 86.31, ranging from 85.30 to 88.50 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 87.33, up from the prior three at 86.50. Volatility over the past year (σ 0.88) is higher than the prior year (σ 0.75). In August readings over the past 3 years, Ifo Current Conditions has averaged 87.13.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with FTSE 100 (Bearish FTSE 100). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 0.66.
WHAT TO WATCH NEXT
The next release is scheduled for September 24, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Ifo Current Conditions - DE
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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 (Aug 2026): actual 88.5, consensus 87. Prior reading (Jul 2026): 86.5. Before that (Jun 2026): 87.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bearish FTSE 100, r=-0.70) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |