Key facts
- German business morale improved in September.
- The Ifo business climate index rose to 89.9 in September.
- The index was up from 88.8 in August.
- The September reading exceeded analyst expectations of 89.0.
German business morale improved more than expected in September, a survey by the Ifo institute showed on Thursday, September 24, 2026. The Ifo institute reported that its business climate index increased to 89.9 in September, up from 88.8 in August. Analysts polled by Reuters had anticipated an increase to 89.0.