---
title: "IFO Business Climate - European Union - Fundamental Analysis - Price Charts, Technical and Fundamental Analysis - MetaTrader 5 Help"
description: "This survey is one of the key indicators of country's business sentiment. The survey is conducted monthly, querying German... - IFO Business Climate - European Union - Fundamental Analysis"
image: "https://www.metatrader5.com/i/logo_metatrader5.png"
url: "https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_ifo_business_climate"
---

[MetaTrader 5 Help](https://www.metatrader5.com/en/terminal/help) → [Price Charts, Technical and Fundamental Analysis](https://www.metatrader5.com/en/terminal/help/charts_analysis) → [Fundamental Analysis](https://www.metatrader5.com/en/terminal/help/charts_analysis/fundamental) → [European Union](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro) → IFO Business Climate

# IFO Business Climate

This survey is one of the key indicators of country's business sentiment. The survey is conducted monthly, querying German firms on the current German business climate as well as their expectations for the next six months. As the largest economy in the Euro-zone, Germany is responsible for approximately a quarter of the total Euro-Zone GDP. Consequently, the German IFO is a significant economic health indicator for the Euro-zone as a whole.

The figures below 100 are an indicator of a slowing down economy, and is clearly regarded by the market as a negative factor. Values above 100 indicate growing optimism, which in turn causes the strengthening of the Euro.

The survey presents two equally weighted sub-indices: Current Assessment and Business Expectations.

- Release Frequency: monthly.
- Release Schedule: 08:00 GMT, the last week of the month.
- Source: CESifo Group.

## In this section

- [Balance of Payments](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_balance_of_payments)
- [Capital and Financial Account](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_capital_financial_account)
- [Consumer Confidence Indicator](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_consumer_confidence_indicator)
- [Current Account](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_current_account)
- [Economic Sentiment Indicator](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_economic_sentiment)
- [Gross Domestic Product](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_gross_domestic_product)
- [Harmonized Index of Consumer Price](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_hicp)
- IFO Business Climate
- [Industrial Confidence Indicator](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_industrial_confidence)
- [Labor Cost Index](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_labor_cost_index)
- [Money Supply Growth](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_money_supply_growth)
- [PMI Manufacturing](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_pmi_manufacturing)
- [PMI Services](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_pmi_services)
- [Purchasing Managers Index](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_purchasing_managers_index)
- [Refinancing Tender Rate](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_refinancing_tender_rate)
- [Retail Trade Confidence Indicator](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_retail_trade_confidence)
- [Unemployment Rate](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_unemployment_rate)
- [ZEW Survey](https://www.metatrader5.com/en/terminal/help/fundamental/economic_indicators_euro/euro_zew_survey)

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