High importanceDEEUR · Surveys · 26 Oct 2026 · 05:00 ET · in 8 d 20 h

German Ifo business climate (Oct)

Mon 26 October · 05:00 ET (10:00 Frankfurt) · in 8 d 20 h. Firms’ assessment of current and expected conditions.

Forecast
89.2
Previous
89.9
Actual
Due 05:00 ET

Below 88.7In line 88.7 to 89.8Above 89.8

▏Forecast 89.2○ Previous 89.9

The levelsMeasured from its last 12 prints

BelowBelow 88.7EUR down
EUR/USD down EUR/GBP down EUR/JPY down
In line88.7 to 89.8Limited follow-through
AboveAbove 89.8EUR up
EUR/USD up EUR/GBP up EUR/JPY up

In line is the forecast ± how far this series usually lands from it (median miss 0.5). Above or below that is a genuine surprise. EUR up or down is the playbook’s mapping for this release; the pairs show how each quote moves when EUR does. Arithmetic, not a forecast.

Its own historyLast 12 prints vs the forecast before each: 7 above · 1 in line · 4 below

83.3485.287.0588.990.76Oct ’25Dec ’25Feb ’26Apr ’26Jun ’26Aug ’26Oct (next)

— Forecast before the print● Actual▮ Next release: in-line range

Release history

ReleasedPeriodForecastActualPosition
24 Sep 2026Sep8989.9Above forecast
25 Aug 2026Aug87.288.8Above forecast
27 Jul 2026Jul8686.6Above forecast
24 Jun 2026Jun85.685.6In line with forecast
22 May 2026May84.284.9Above forecast
24 Apr 2026Apr85.584.4Below forecast
25 Mar 2026Mar86.186.4Above forecast
23 Feb 2026Feb88.488.6Above forecast
26 Jan 2026Jan88.187.6Below forecast
17 Dec 2025Dec88.287.6Below forecast
24 Nov 2025Nov88.588.1Below forecast
27 Oct 2025Oct8888.4Above forecast

What moved

After it prints: EUR/USD, EUR/GBP and EUR/JPY from the hour before to the hour after, from 1-hour bars.