ifo Institute

The ifo Business Climate Index for Eastern Germany fell slightly to 92.4 points in June, after 92.7 in May. The eastern German companies surveyed provided assessments of their business situation that were somewhat worse than the previous month and lowered their expectations slightly.

The ifo Business Climate in Germany’s retail deteriorated in June, falling to -19.5 points from -13.3 in May. “Many retailers cannot be satisfied with how business trended in the first half of 2024,” explains ifo expert Patrick Höppner. Although consumers’ disposable incomes have risen, these increases were saved.

At ifo’s Annual Meeting on June 27, 2024, prizes – the ifo Outstanding Publication Award and the Roland Berger Outstanding Publication Award – were awarded to Mathias Dolls, Klaus Wohlrabe, Paul Schüle, Leander Andres, Maria Waldinger, Caterina Pavese and Katharina Wedel.

The year 2023 was marked by transformation. In times of upheaval and uncertainty, reliability becomes paramount. The annual report summarizes events and discussions, providing an overview of the ifo Institute's development over the past fiscal year, as well as its ongoing research and key focus areas.

We look back on 75 years of ifo history  – 75 years filled with data, facts, and statistics. To celebrate our anniversary, we have planned something truly special. As always, our data plays a crucial role in this endeavor.