26/8/19: ifo Survey Shows Increasing Business Concerns in Germany

Ifo Institute's Business Climate indicator for Germany is falling off the cliff:

In simple terms, current business situation assessment has now fallen to its lowest reading since March 2015, forward business expectations are the lowest since June 2009, and overall Business Climate index is at its lowest reading since November 2012.

August 2019 marks fifth consecutive month of decline in the overall Business Climate index, current Business Situation index, and Business Expectations index.

Overall, the indicator is still pointing to a downturn in growth, as opposed to a recession:

The Dispersion Index - a measure of the degree of businesses-perceived uncertainty about the future direction of the economy - has now risen to the levels last seen in April 2010.

15/7/2013: 12 Months Ahead, Things are Getting Darker...

Two charts on business expectations for 12 months forward, via Markit (full release here: http://www.markit.com/assets/en/docs/commentary/markit-economics/2013/jul/GLOBAL_Outlook_ENG_1307_PR.pdf)

First, global (lower levels represent lower percentage of businesses expecting growth in the next 12 months net of the percentage expecting contraction):

and now, regional

 Ouch!.. For euro area, things are clearly bad enough and they get worse when we compare June 2013 results to February 2013. For Japan, same and even sharper. US is in the pain zone too. UK throws strange outlier.

Would have been good to see actual percentages listed on the bars... but...