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Press releases in the past quarter

  1. Credit Constraint Indicator - From the Ifo Business Survey for August 2014

    Financing Conditions in Germany Continue to be Excellent

    Aug 29, 2014: German companies continue to have easy access to bank loans. The credit constraint indicator for German industry and trade fell in August to 17.9 percent, compared with 18.2 percent the previous month. The credit constraint indicator has now been below the 20% mark for 16 months. Financing conditions for German firms continue to be excellent. Details

  2. German manufacturing planned to invest nine percent more

    Aug 28, 2014: The manufacturing sector in Germany intended to increase its investment by almost nine percent this year. This was the result produced by the investment survey of the Ifo Institute of 2,400 companies that was conducted in April and May of this year. In the meantime, the Ifo Business Climate Index has fallen several times. Against this background it remains to be seen whether the ambitious investment plans in manufacturing for 2014 will be fully realised. Last year, investment in manufacturing grew by only one percent to 55 billion euros. Here, the manufacturers also initially had larger plans of about four percent growth, as the Ifo Institute reports in its ifo Schnelldienst 16/2014 on Thursday. Details

  3. Results of the Ifo Business Survey for August 2014

    Renewed Worsening of the Ifo Business Climate for Eastern Germany

    Aug 28, 2014: The Ifo Business Climate Index for industry and trade in the eastern German states fell in August from 109.0 in the previous month to 108.4 index points. The eastern German survey respondents are not as satisfied with their current situation as last month. The expectations for the future course of business, however, remain almost unchanged in August. The positive current state of the eastern German economy has become a bit cloudier in August. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for August 2014

    German Firms Show Increased Willingness to Hire Despite Geopolitical Crises

    Aug 27, 2014: Despite the geopolitical tension, German companies’ propensity to hire has strengthened. The Ifo Employment Barometer for Germany rose in August to 107.0 index points, after 106.0 in July. The main driver of this development was the service sector, which is mainly domestically oriented and thus less affected by global political events. Details

  5. Ifo Business Climate Germany - Results of the August 2014 Ifo Business Survey

    Ifo Business Climate Index in Further Decline

    Aug 25, 2014: The Ifo Business Climate Index for industry and trade in Germany fell in August to 106.3 points from 108.0 in the previous month. The firms were again less satisfied with their current business situation. Also with regard to the further course of business, they are more sceptical than in the previous month. The German economy continues to lose steam. Details

  6. Ifo World Economic Climate Brightens Slightly

    Aug 13, 2014: The Ifo Index for the world economy rose to 105.0 points from 102.3 points in the previous quarter. Both assessments of the current economic situation, as well as the economic outlook, improved somewhat versus April. World economic activity remains on the rise. The risks, however, have grown: almost three quarters of the WES experts surveyed believe that rising energy prices and supply shortages pose a moderate to high potential threat to the world economy. Details

  7. Advance results of the Ifo World Economic Survey (WES) of 3rd quarter 2014

    Ifo Economic Climate in the Euro Area Clouds Over

    Aug 6, 2014: The Ifo Index for the economic climate in the euro area fell from 123.0 points to 118.9 points in the third quarter. While assessments of the current economic situation remained unchanged at a low level, the six-month economic outlook deteriorated significantly. The experts surveyed fear rising energy prices and falling exports due to the Ukraine conflict. Details

  8. Credit Constraint Indicator - From the Ifo Business Survey for July 2014

    German Companies Continue to Enjoy Very Easy Access to Bank Loans

    Jul 31, 2014: Credit constraints for German industry fell slightly to 18.2 percent from 18.3 percent in June. As in recent months, financing conditions for German business were excellent. Details

  9. Latest Book by Hans-Werner Sinn Released

    Jul 31, 2014: The Euro Trap, the latest book by Hans-Werner Sinn, President of the Ifo Institute, has been released today by Oxford University Press. Based on his German best-seller Die Target-Falle, the new book is a significantly restructured, expanded and updated analysis of the genesis and evolution of the euro crisis, providing new insights into the economic dimensions of the measures taken to combat the crisis, those that should have been pursued instead, and those that will have to be taken to really help southern Europe to exit the crisis. Details

  10. Ifo Investment Survey for Wholesaling: Investments and Turnover on the Rise

    Jul 30, 2014: German wholesalers plan to increase their investment budget compared to last year, according to the results of the Ifo Investment Survey for Wholesaling. According to survey participants, they plan to invest more in both construction and equipment; and to increase their staff numbers. Details

  11. Results of the Ifo Business Survey for July 2014

    Ifo Business Climate for Eastern Germany deteriorates

    Jul 30, 2014: The Ifo Business Climate for Eastern German trade and industry deteriorated markedly in July. Eastern German survey participants are less satisfied with their current business situation than last month. They are also more cautious about future business developments. The Eastern German economy can no longer escape the impact of international tensions. Details

  12. Ifo Employment Barometer - Results of the Ifo Business Survey for July 2014

    German Companies Still Cautious About Recruiting

    Jul 29, 2014: German companies are still looking for staff, but remain fairly cautious about recruiting. The Ifo Employment Barometer for German industry, including the service sector, was unchanged in July at 106.0 index points. The increase in employment remains fairly sluggish. Service providers remain most willing to recruit additional staff. Details

  13. EU Should Couple Short-Term Sanctions against Russia with Long-Term Integration Policy

    Jul 25, 2014: After the shooting down of Malaysia Airlines flight MH17 over Eastern Ukraine on 17 July, the EU is expected to broaden its selective sanctions against Russia. The USA has already toughened up its sanction policy. Yet Ifo’s analysis of past experiences with economic sanctions suggests that there is little prospect of achieving a lasting de-escalation of the situation in Eastern Ukraine by implementing further sanctions against Russia. Details

  14. Ifo Business Climate Germany - Results of the July 2014 Ifo Business Survey

    Ifo Business Climate Index Continues to Fall

    Jul 25, 2014: The Ifo Business Climate Index for industry and trade in Germany fell to 108.0 points in July from 109.7 points last month. This marks the third decrease in succession. Assessments of the current business situation were less favourable than in June. Companies were also less optimistic about future business developments. Geopolitical tensions are taking their toll on the German economy. Details

  15. The Moderate Recovery Continues

    Jul 4, 2014: The Eurozone growth is expected to recover in Q2 2014 with GDP increasing by +0.3% (after +0.2% in the previous quarter). Growth rates are forecasted to remain at this level in Q3 and Q4. The recovery is expected to be broad based across sectors and countries. Details

  16. Economic Developments Remain Strong - Ifo Economic Forecast for Eastern Germany and Saxony 2014/2015

    Jul 3, 2014: The economy in Eastern Germany (including Berlin) and Saxony picked up significantly at the beginning of the year; and this upswing will gather impetus over the forecasting period. Eastern German GDP is expected to rise sharply hitting 1.8 percent in 2014 and 2.0 percent in 2015. “Investors and producers are slightly more pessimistic due to the geopolitical unrest in Ukraine and Iraq”, commented Robert Lehmann, a researcher at the Dresden branch of the Ifo Institute on 3 July. “All of the data nevertheless point to an upturn in both years,” he added. Details

  17. Credit Constraint Indicator - From the Ifo Business Survey for June 2014

    Financing Conditions in Germany Remain Very Good

    Jun 30, 2014: German companies continue to enjoy very easy access to bank loans. After falling to a historical low in May, credit constraints for German industry rose slightly to 18.3 percent in June from 17.4 percent last month. Financing conditions for German business were already excellent prior to the base rate drop by the ECB and remain so. Details

  18. Results of the Ifo Business Survey for June 2014

    Ifo Business Climate for Eastern Germany Improves

    Jun 27, 2014: Contrary to developments in Germany, the Ifo Business Climate Index for Eastern German trade and industry rose slightly in June to 110.1 index points from 109.9 points in May. Eastern German companies assessed their current business situation as more favourable than last month. They were also less pessimistic about future business developments. The Eastern German economy is bracing itself against the effects of the crisis in the Ukraine and in Iraq. Details

  19. Ifo Employment Barometer - Results of the Ifo Business Survey for June 2014

    German Companies More Sceptical About Recruiting

    Jun 27, 2014: German companies have become more sceptical about recruiting, but are still looking for additional staff. The Ifo Employment Barometer for German industry, including the service sector, dropped to 106.1 index points in June from 106.9 points in the previous month. The increase in employment consequently continued to slow down. Companies, however, are still willing to recruit staff, especially in the service sector. Details

  20. Ifo Institute Upwardly Revises Economic Forecast

    Jun 26, 2014: The Ifo Institute has revised its economic forecast upward. Germany can now expect 2.0 percent growth this year and as much as 2.2 percent next year. Researchers had previously only reckoned with 1.9 percent growth in 2014. “The upturn is strong and gathering impetus”, according to the interim Director of Ifo’s Center for Business Cycle Analysis and Surveys Timo Wollmershäuser. “This revision is based on the assumption that the conflict in the Ukraine does not escalate and that oil prices do not soar as a result of fighting in Iraq.” Under this assumption the Institute expects unemployment to drop from 6.9 percent in 2013 to 6.7 percent this year and 6.6 percent in 2015, despite the negative effects of the minimum wage on employment. Details

  21. Ifo Business Climate Germany - Results of the June 2014 Ifo Business Survey

    Ifo Business Climate Index Falls

    Jun 24, 2014: The Ifo Business Climate Index for industry and trade in Germany fell to 109.7 points in June from 110.4 points last month. Assessments of the current business situation remained good, but companies were less optimistic about future business developments. The German economy fears the potential impact of the crises in the Ukraine and Iraq. Details

  22. Ukraine Conflict Dampens German Business Confidence

    Jun 17, 2014: The conflict over Ukraine has dampened the business confidence of German companies in recent months. This is the result of a special survey in the manufacturing sector by the Ifo Institute. “Since the beginning of the year, for companies that have relations to Russia, the business outlook in particular has worsened more so than for companies that have no dealings with Russia. This is clearly evident in our analysis”, comments Timo Wollmershäuser, acting head of business cycle analysis and surveys at the Ifo Institute. Details

  23. Ifo President Hans-Werner Sinn Mourns the Death of Frank Schirrmacher

    Jun 15, 2014: Frank Schirrmacher, one of the editors of Frankfurter Allgemeine, reinvented the cultural section of German newspapers by incorporating the major social and scientific issues of our time. The debate he touched off on the Internet is fresh in our memories. He succeeded in linking recent research in natural and social sciences with the tradition of the European humanities. He also included topics from economics, an area that European intellectuals are normally reluctant to approach. What he wrote, and got others to write, on demographics and retirement issues overlapped with economic analyses and gave them a new and deeper meaning. And his criticism of casino capitalism was only in apparent contradiction to the economic perspective. It fact it was fully in line with what many economists had argued but was even more radical and fundamental. Details

  24. Danube Flooding Eclipses Nepotism Affair for Bavarian Voters

    Jun 14, 2014: The flooding of the Danube helped Bavarian voters forget the nepotism affair in 2013. This is the result of a statistical analysis of the Ifo Institute. “The involvement in the nepotism affair had no negative impact on the conservative CSU party in voting behaviour in the Bavarian state elections”, says Niklas Potrafke, head of the Ifo Center for Public Finance and Political Economy. “Instead, our results show that in constituencies that were affected by the Danube flooding, the CSU was able to gain six to seven percentage points more votes than in similar constituencies that experienced no flooding. This is a numerically significant effect”, says Potrafke. Details

  25. Business Climate for Freelance Architects at Twenty-year High

    Jun 12, 2014: The business climate for freelance architects in Germany is at a twenty-year high. This is confirmed by the quarterly survey of the Ifo Institute as released in ifo Schnelldienst on Thursday. The surveyed architects gave a more positive assessment of their current business situation than in the previous two quarters. The share of surveyed architects that characterised their current situation as “good” was 46%; in the previous quarter it was 42%. Only 14% of the architects assessed their business as “poor”, down from 18% in the previous quarter. Since the beginning of the 1990s, an even lower level was only recorded twice. Details

  26. Ifo President Hans-Werner Sinn criticizes ECB’s decisions

    Jun 5, 2014: Ifo President Hans-Werner Sinn has criticised the ECB's decisions. "This is a desperate attempt to use even cheaper credit and punitive interest rates on deposits to divert capital flows to southern Europe and stimulate their economies," Sinn said on Thursday in Munich. Details

  27. Results of the Ifo Export Climate for April 2014

    Ifo Export Climate Rises: German Export Opportunities Improve

    Jun 4, 2014: The export opportunities for German companies have improved. The Ifo Export Climate increased to 0.32 balance points in April from 0.19 balance points in March, reported the Munich-based Ifo Institute on Wednesday. This increase was driven by an improvement in company and consumer confidence in international business. “The signs are good that German exports may increase moderately in the second quarter”, says the head of Ifo’s Center for Business Cycle Analysis and Surveys Timo Wollmershäuser. Details

  28. Ukraine Crisis Unsettles German Manufacturers

    Jun 3, 2014: The crisis in the Ukraine is unsettling German manufacturers, according to the results of a special online survey of nearly 2,500 Ifo Business Survey participants conducted in May. Almost 17 percent of respondents are already feeling the impact of the crisis on their business. A third of companies even fear that the crisis, should it continue, will negatively impact their business, especially in terms of exports to Russia. Almost a third of the 2,500 firms surveyed stated that they have either direct or indirect business relations with Russia. Details

Press contact

Harald Schultz

Ifo Institute
Press, Publications, Conferences
Phone: +49(0)89/9224-1218
Fax: +49(0)89/9224-1267
Email: schultz@ifo.de
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