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 Germany: Ifo Business Climate Index

Updated:4/24/2014 4:36 AM
Analyst:Anna Zabrodzka in Prague

First Take
The German Ifo Business Climate Index improved in April to 111.2 from 110.7 in the previous month. The increase was driven by the business expectations subindex, while the current situation subindex rose only marginally. Sentiment improved in all sectors except for retail. The worsening sentiment observed last month due to the conflict between Russia and Ukraine appears to have been temporary. Still, if the crisis intensifies, potential economic sanctions levied on Russia would affect Germany’s recovery, which depends on gas and oil imported from Russia.

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