In June 2024, the ifo business climate index for the German fashion trade showed -38.4 points. The shoe trade indicator was -44.9 points.
What is the ifo Business Climate?
The ifo Business Climate is an indicator for economic activity in Germany. It is based on approximately 9,000 monthly responses from businesses in manufacturing, the service sector, trade, and construction. Companies are asked to give their assessments of the current business situation and their expectations for the next six months. They can describe their situation as “good,” “satisfactory,” or “poor” and their business expectations for the next six months as “more favorable,” “unchanged,” or “less favorable.” The balance value of the current business situation is the difference in the percentage shares of the responses “good” and “poor”; the balance value of expectations is the difference in the percentage shares of the responses “more favorable” and “less favorable.” The business climate is a transformed mean of the balances of the business situation and the expectations. To calculate the index values, the transformed balances are all normalized to the average for the year 2015.
Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024
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TextilWirtschaft. (June 25, 2024). Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024 [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/
TextilWirtschaft. "Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024." Chart. June 25, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/
TextilWirtschaft. (2024). Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024. Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/
TextilWirtschaft. "Development of The Ifo Business Climate Index in The Fashion and Shoe Trade in Germany from June 2023 to June 2024." Statista, Statista Inc., 25 Jun 2024, https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/
TextilWirtschaft, Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024 Statista, https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/ (last visited October 09, 2024)
Development of the ifo business climate index in the fashion and shoe trade in Germany from June 2023 to June 2024 [Graph], TextilWirtschaft, June 25, 2024. [Online]. Available: https://www.statista.com/statistics/1448465/fashion-shoe-trade-economic-indicators-ifo-germany/