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Germany’s Ifo index, which measures business climate in Germany, came in higher than expected in October.
The index rose to 90.2 from 89.9 the previous month. According to LSEG, the market expected a reading of 90.0.
The Ifo expectations sub-index rose to 91.6 from 90.4. A reading of 90.0 was expected.
Confidence in the manufacturing industry rose clearly, with both the assessment of the current situation and expectations for the future improving. Both indicators reached positive territory for the first time in more than three years. New orders increased and, as a result, companies plan to raise production.
The services sector performed more weakly, although expectations for the future improved. In retail, business climate was unchanged, while the construction sector recorded an increase, with improved views of both the current situation and the future.
Overall, the survey indicates that the recovery in the German economy is continuing.
The statistics are presented by the German forecasting institute Ifo.
GermanyOctober, 2026ConsensusChange vs consensusSeptember, 2026Ifo business climate index90.290.00.2%89.9Ifo current situation index88.889.9-1.2%89.5Ifo expectations index91.690.01.8%90.4
Consensus data from LSEG
