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News from Ifo Institute, CESifo and the Center for Economic Studies (CES)

Latest news


  1. Credit Constraints Increase Again

    teaserImage The Ifo Credit Constraint Indicator for German industry and trade rose to 15.0 percent in August from 14.6 percent the previous month. This is the percentage of companies that reported a restrictive bank lending policy. Nevertheless, financing conditions for German companies remain excellent. Details

  2. Oliver Falck Appointed Director of INT and Professor of Economics, esp. Empirical Innovation Economics

    teaserImage The appointment procedure for Director of the Ifo Center for Industrial Organisation and New Technologies combined with a W3 professorship in Economics, especially Empirical Innovation Economics, has been successfully completed: The Office of the President of the Ludwig Maximilian University of Munich has concurred with the unanimous decision of the appointment committees of the LMU and the Ifo Institute to call Oliver Falck to fill this position. The appointment of Oliver Falck to a W3-tenured professorship and Director of the Ifo Center for Industrial Organisation and New Technologies will take effective as of 1 October 2016. Details

  3. Ifo Business Climate Index for Eastern Germany Falls Again

    teaserImage The Ifo Business Climate for industry and trade in the eastern German states worsened further in August. The current business situation and business expectations for the next six months were assessed significantly more poorly than in July. The eastern German businesses are showing signs of scepticism at the end of the summer. Details

  4. Favourable Outlook for Employment in Germany

    teaserImage Despite a bleaker economic outlook, German industry’s willingness to hire has increased slightly. The Ifo Employment Barometer rose to 108.7 index points in August after 108.1 in the previous month. Manufacturing in particular plans to recruit more new staff, despite the concern in the EU over the Brexit vote. Details

  5. Ifo Export Climate Falls Slightly

    teaserImage The Ifo Export Climate indicator fell from 0.38 index points in June to 0.29 points in July. The decline was due to the slight deterioration of corporate and consumer confidence abroad. Price competitiveness remained at the level of the previous month and had thus no stimulating effect on the export climate. Details

  6. Weakened Export Expectations in German Industry

    teaserImage German industry is again anticipating fewer orders from abroad. Export expectations fell from 5.0 balance points in July to 4.7 points in August. The Brexit vote is showing its effect. Details

  7. Rising Real-estate prices and an Increasing Housing Shortage: An Unbalanced Housing Market?

    teaserImage Although more and more money is flowing into the real estate market, the housing shortage in urban areas is increasing. Especially the discrepancy between the supply and demand for "affordable" housing is growing. In the big cities and high-priced regions, construction activity is primarily focused on the completion of condominiums or expensive rental units, while too little low-cost housing is being built. Can greater government promotion or a relaxation of existing planning regulations provide the proper strategy for ensuring a sufficient supply of affordable housing? This is the topic discussed in ifo Schnelldienst 16/2016 by Andreas Mense, University Erlangen-Nuremberg, Eva Lohse, Mayor of Ludwigshafen and President of the German Association of Cities, Jan Mutl and Heiko Kirchhain, EBS University of Business and Law, Wiesbaden, Reiner Braun, empirica AG and Andreas Dombret, German Bundesbank. Details

  8. Clear Worsening of the Ifo Business Climate

    teaserImage Business confidence in Germany has clearly worsened. The Ifo Business Climate Index fell from 108.3 points in July to 106.2 points in August. Both the current business situation and the expectations for the next six months were assessed more poorly by the companies than in the previous month. The German economy has fallen into a summer slump. Details

  9. German Service Sector: Ifo Business Climate Indicator Rises Again

    teaserImage In the service sector, business confidence has brightened again. The indicator rose from 27.7 balance points in July to 29.5. The service providers reported an improved current situation. They also assume that business will grow in the coming months. Accordingly, more firms now intend to hire new employees. Details

  10. Ifo Dresden Calls for More Vigorous Growth Policies

    teaserImage The Dresden branch of the Ifo Institute is calling for more vigorous growth policies. A recent study estimates that average annual GDP growth will match the average German rate only in Saxony in Brandenburg in the period 2015 to 2030. The other eastern German states can expect, in some cases, extremely low growth rates. Details


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