Financial News: German Ifo Business Confidence Strongest In 13 Months

German Ifo Business Confidence Strongest In 13 Months

06/24/2025 - 05:25:00 (RTTNews)

(RTTNews) - German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday.

The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9. The score was forecast to improve to 88.1.

The German economy is slowly building confidence, the institute said.

The current situation index rose only marginally to 86.2 from 86.1 in the previous month. The index was seen rising to 86.5.

The expectations index advanced to 90.7 from 89.0 in May. The score was forecast to climb moderately to 90.0. The reading was the strongest since April 2023.

Business confidence among manufacturers improved slightly in June. While companies were noticeably more optimistic about the coming months, current business performance has been less favorable. Moreover, they were very dissatisfied with order books. In the service sector, business confidence showed strong improvement in June. Companies viewed their current situation somewhat more positively and significantly raised their expectations.

The business climate in trade improved in June. Traders were more satisfied with current business, and their expectations were less pessimistic.

The upward trend in the business climate continued among contractors. Expectations climbed to their highest level since February 2022, though they remain marked by skepticism. Meanwhile, their assessments of the current situation were unchanged.

ING economist Carsten Brzeski said German businesses seem to be focusing on the bright side of what could happen under the new German government, rather than fearing the downsides from ongoing uncertainty and trade tensions.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Powell Indicates Federal Reserve Likely To Remain On Hold (19 min(s), 50 sec(s) ago)
(RTTNews) - Despite intense pressure from President Donald Trump to lower interest rates, Federal ...Full Story»

UK Manufacturing Orders Continue To Fall: CBI (38 min(s), 50 sec(s) ago)
(RTTNews) - UK manufacturers continued to register decline in new orders in June and output logged ...Full Story»

South African Leading Index Falls In April (02 hr(s), 10 min(s), 50 sec(s) ago)
(RTTNews) - South Africa's composite leading index decreased somewhat in April, survey data fr ...Full Story»

Slovenian Manufacturing Confidence Weakens In June (02 hr(s), 46 min(s), 50 sec(s) ago)
(RTTNews) - Slovenia's industrial sentiment remained more negative in June, figures from the S ...Full Story»

Poland Retail Sales Rise 4.4% In May (03 hr(s), 17 min(s), 50 sec(s) ago)
(RTTNews) - Poland's retail sales grew for the second straight month in May, figures from Stat ...Full Story»

German Ifo Business Confidence Strongest In 13 Months (04 hr(s), 0 min(s),50 sec(s) ago)
(RTTNews) - German business confidence rose to the highest level in 13 months in June driven by im ...Full Story»

Taiwan Industrial Output Growth Remains Strong; Retail Sales Fall Further (04 hr(s), 33 min(s), 50 sec(s) ago)
(RTTNews) - Taiwan's industrial production continued to expand sharply in May, while retail sa ...Full Story»

Finland Producer Prices Fall 2.0% (05 hr(s), 43 min(s), 50 sec(s) ago)
(RTTNews) - Finland's producer prices decreased for the second straight month in May, data fro ...Full Story»