The Index is materially an outstripped indicator of German economic growth. The IFO Index displays an outstripped ability of the German’s GDP, and that is why the majority of Market participants watches over and takes into account any information of this indicator. Besides it exerts a significant influence on European currency’s rate. The Index is monthly published.
The IFO Institute is situated in Munich and is partly financed by the German’s Government. It calculates the Confidence Index on the basis of survey (almost 7 thousand officials of various enterprises such as manufacturing, building sector, retail and wholesale trade are surveyed).
