Germany Ifo Business Confidence for November: Summary (Table)

By Kristian Siedenburg

Nov. 24 (Bloomberg) -- Following is a summary of the November German business confidence report from the Munich-based Ifo:

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                  Nov.   Oct.  Sept.   Aug.   July   June    May  April  March
                  2008   2008   2008   2008   2008   2008   2008   2008   2008
===============================================================================
Business climate   85.8   90.2   92.9   94.7   97.3  101.0  103.3  102.2  104.6
 3-mo. average    89.6   92.6   95.0   97.7  100.5  102.2  103.4  103.6  104.0
Current           94.8   99.9   99.8  103.2  105.5  108.1  109.9  108.2  111.4
Expectations      77.6   81.4   86.4   86.9   89.8   94.4   97.0   96.5   98.2
                ----------------Business Climate by Sector--------------------
Trade & Industry  -29.0  -20.2  -14.9  -11.3   -6.1    1.4    5.8    3.8    8.5
Manufacturing    -29.6  -18.9  -11.8   -7.0    1.6    7.7   14.6   13.0   17.6
Construction     -30.2  -27.7  -25.2  -26.4  -23.4  -19.0  -20.3  -20.0  -21.8
Wholesale trade  -21.8  -15.1  -10.4   -5.6   -7.5    1.8    3.8    1.5    7.6
Retail trade     -33.5  -25.1  -24.1  -21.6  -20.7   -6.9   -4.7  -11.1   -1.1
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NOTE: Index levels are based at 2000=100. Ifo polls about 7,000
companies which can characterize their situation as good, more
favorable, unchanged or more unfavorable. The current business
situation is the difference between the good and poor responses
while the expectations is the difference between the more
favorable and more unfavorable responses. The business climate
index is the average of the current and expectations components.

SOURCE: Institut fuer Wirtschaftsforschung (Ifo) - Munich

To contact the reporter on this story: Kristian Siedenburg in Budapest at ksiedenburg@bloomberg.net