In April 2024, the ifo business climate index for the German automobile industry was -1.5 points. Other economic indicators shown here include order backlog assessment and production plans.
What is the ifo Business Climate?
The ifo Business Climate is an indicator for economic activity in Germany. It is based on approximately 9,000 monthly responses from businesses in manufacturing, the service sector, trade, and construction. Companies are asked to give their assessments of the current business situation and their expectations for the next six months. They can describe their situation as “good,” “satisfactory,” or “poor” and their business expectations for the next six months as “more favorable,” “unchanged,” or “less favorable.” The balance value of the current business situation is the difference in the percentage shares of the responses “good” and “poor”; the balance value of expectations is the difference in the percentage shares of the responses “more favorable” and “less favorable.” The business climate is a transformed mean of the balances of the business situation and the expectations. To calculate the index values, the transformed balances are all normalized to the average for the year 2015.
Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024
Characteristic
Business climate
Order backlog assessment
Production plans
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¹ Refers to companies from the manufacturing sector, construction, as well as wholesale and retail. The source provides no information on how many of the 7,000 surveyed companies were from the automotive industry as a sub-sector of the manufacturing sector.
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ifo Institut. (April 25, 2024). Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/
ifo Institut. "Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024." Chart. April 25, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/
ifo Institut. (2024). Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/
ifo Institut. "Development of The Ifo Economic Indicators in The Automotive Industry in Germany from January 2022 to January 2024." Statista, Statista Inc., 25 Apr 2024, https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/
ifo Institut, Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024 Statista, https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/ (last visited July 22, 2024)
Development of the ifo economic indicators in the automotive industry in Germany from January 2022 to January 2024 [Graph], ifo Institut, April 25, 2024. [Online]. Available: https://www.statista.com/statistics/1284780/automobile-industry-economic-indicators-ifo-germany/