German ifo Business Climate Index October 2026: date, forecast and previous
Released: (Fri, Oct 23, 9:00 AM EDT)
Forecast and previous are shown exactly as listed on the Forex Factory calendar feed (feed title: “Belgian NBB Business Climate”). FXMARE does not publish actual figures for this release.
What to expect
The consensus forecast of -11.8 is above the previous reading of -12.1, so the market expects a higher German ifo Business Climate Index figure than last time.
What it is
The ifo Institute surveys around 9,000 German firms on their current situation and six-month expectations, distilling the responses into the most-watched business-confidence index in the euro area.
Why it matters to traders
As a forward-looking sentiment gauge for Europe's largest economy, the ifo index often moves the euro ahead of the hard data it anticipates. A rising expectations component signals firms see recovery ahead.
Educational only — not a trade recommendation or a prediction of the outcome.
FXMARE coverage around this release
See the full German ifo Business Climate Index guide for other releases, or the live economic calendar.