Who Reports the Mood in German Boardrooms? Evidence from the ifo Business Survey

Jonas Hennrich, Stefan Sauer and Klaus Wohlrabe

No 10571, CESifo Working Paper Series from CESifo

Abstract: The ifo Business Climate Index for Germany is considered as the most important leading indicator for the German economy. Media reports often refer to the mood in German boardrooms. Based on a survey conducted in May 2023, we show that most of the around 9,000 respondents to the monthly ifo Business Survey are the owners or managers of the companies. The sentiment regarding the state of the German economy thus comes directly from the boardrooms of the companies..

Keywords: ifo business Survey; firms; answering behaviour (search for similar items in EconPapers)
JEL-codes: C80 C81 C83 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-bec and nep-des
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_10571

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