Germany February Ifo business climate index 98.9 vs 96.5 expected

  • Prior 95.7; revised to 96.0
  • Expectations 99.2
  • Prior 95.2; revised to 95.8
  • Current conditions 98.6
  • Prior 96.1; revised to 96.2

That’s a solid beat on estimates as German business morale picks up with the outlook also showing much signs of improvement. Ifo notes that the current results are not influenced by the situation in Ukraine though, and I’d argue it should not be for the most part.

If anything else, this continues to underscore the short-lived impact of the omicron variant on the economy.

Ifo 02-2022

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