Germany's business climate index fell sharply in March - IFO

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19 March 2020

Germany's business climate index fell sharply in March - IFO

According the preliminary report from Ifo Institute for Economic Research, Germany's IFO Business Climate has dropped to 87.7 points in March, down from 96.1 in February. The IFO expectations index fell to 82.0 from 93.4 in February, while the IFO current conditions index fell to 93.8 from 98.9. The IFO reported that the coronavirus crisis is taking its toll on confidence.

DIW Institute: Expects German economy to shrink 0.1% this year based on optimistic v-shaped scenario of sharp drop, but quick rebound

Germany: IFO - Current Assessment , March 93.8

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