Alemanha Confiança do Empresário

Germany’s Ifo Business Climate Index remained unchanged at 87.6 in January 2026, holding near its lowest level since May 2025 and below market expectations of 88.1, suggesting Europe’s largest economy is starting the year with little momentum. Assessments of the current situation inched up to 85.7 from 85.6, while expectations slipped slightly to 89.5 from 89.7. By sector, a decline in the service industry (-2.6 vs -2.1) offset gains in other areas, with sentiment improving among manufacturers (-12.2 vs -14.6), traders (-21.1 vs -24.6), and construction firms (-14.2 vs -14.9).