Members of the Society for the Promotion of Economic Research (Friends of the Ifo Institute), including news agencies, have the possibility to get the results at 10.00 a.m. by fax. For further information please contact Ms Stallhofer. Explanatory note Every month the Ifo Institute asks about 7,000 enterprises in manufacturing, construction, wholesaling and retailing to give their assessments of the current business situation and their expectations for the next six months. The enterprises can charaterise their situation as “good”, “satisfactorily” or “poor” and their business expectations for the next six months as “more favourable”, “unchanged” or “more unfavourable”. The balance value of the current business situation is the difference of the percentages of the responses “good” and “poor”, the balance value of the expectations is the difference of the percentages of the responses “more favourable” and “more unfavourable”. The business climate is a transformed mean of the balances of the business situation and the expectations. For calculating the index values the transformed balances are all normalized to the average of the year 2000. To find out how the Ifo Business Climate Index is calculated and its forecasting quality please click here. Detailed results One week after the Ifo Bussines Climate Index ist released, the Ifo Institute publishes, in the periodical "ifo Konjunkturperspektiven", the results of the most recent Ifo Business Survey in east and west Germany in all details with texts and graphics as well as the business situation for the EU as a whole and for Germany, France, the United Kingdom, and Italy in figures. To inform non-German speakers of the survey results of the Ifo Institute, we present a short overview of the contents of each issue in English. Consult the ifo Konjunkturperspektiven overview page for the current issue. The Ifo Business Climate Index is a widely observed early indicator for economic development in Germany. Every month the Ifo Institute surveys more than 7,000 enterprises on their appraisals of the business situation and their short-term planning. From these responses to the Ifo Business Survey, the confidence indicator frequently referred to as the Ifo Index is derived. In addition to the index figures, the balance figures of the Ifo Index are also available. Ifo Business Climate Index
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