Consensus | Consensus Range | Actual | Previous | Revised | |
---|---|---|---|---|---|
Business Climate | 85.7 | 85.4 to 86.0 | 86.5 | 85.4 | |
Current Conditions | 84.3 | 84.2 to 84.5 | 85.7 | 84.4 | |
Business Expectations | 86.7 | 86.6 to 87.0 | 87.3 | 86.3 | 86.4 |
Highlights
The current economic assessment, as measured by current conditions, increased to 85.7, which significantly exceeded the consensus of 84.3. This implies that businesses perceive a current environment that is comparatively favourable, which may also have been influenced by resilient domestic demand.
Finally, business expectations increased from 86.4 to 87.3, surpassing the upper consensus range. This update suggests that businesses may anticipate additional growth or stabilization opportunities in the near future, suggesting a positive outlook. In general, the survey suggests that sentiment has improved across Germany's business sectors, which could have a positive impact on investment and operational decisions as we approach the final months of the year. This latest update takes the German RPI to 29 and RPI-P to 45, indicating overperformance in real economic activities compared to consensus estimates.