FRANKFURT –– Managers in Germany are expected to express more optimism about their lot just days after a report showed domestic manufacturing returning to growth for the first time since mid-2022.
An economists’ poll said the headline business climate index for Germany due Monday from the country’s Ifo economics institute was forecast to increase to 88.3 points from 87.6, the reading for December and January and the lowest mark since May.
The expectations measure of the index for the coming six months is projected to improve to 90.0 points from 89.5, with January’s current assessment reading set to rise to 86.2 versus 85.7 in the previous month.
Friday’s US Supreme Court decision to strike down much of President Donald Trump’s global tariffs could play a minor role in the results, depending on how many respondents had already submitted their questionnaires ahead of Monday’s report.
German industry on the up and up
Purchasing managers in German manufacturing were more optimistic about their sector this month than at any time since June 2022. S&P Global said Friday that its preliminary manufacturing reading for February climbed to 50.7 points, pushing back into growth territory above the 50-point mark for the first time in more than three years. The services reading increased a point to 53.4 versus expectations for no change. The results of the improvements pushed the composite reading a point higher to 53.1, the best in four months.
“The increase in manufacturing order books was in fact the strongest in almost four years,” S&P wrote.”
Germany’s robust industrial showing supported the manufacturing PMI for the Eurozone, which jumped to 50.8 points, also a 44-month high, the US pollster noted.
ING’s Carsten Brzeski said, “Driven by a rebound in German manufacturing, the Eurozone economy is gaining momentum, leaving the geopolitical tensions of the past behind – at least for now.”
Financial market experts surprised economists on Tuesday by expressing significantly less optimism about Germany’s prospects in the coming six months, with the forward-looking measure for February dropping from its highest mark since July 2021 last month.
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var months = ['Jan','Feb','Mar','Apr','May','Jun','Jul','Aug','Sep','Oct','Nov','Dec'];
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- Headline forecast at 88.3 (prev 87.6)
- Outlook, view of present forecast higher
- Manufacturing PMI best in almost four years
- Investor morale eases
- Data due Monday at 09:00 GMT / 10:00 CET
By Eric Culp, European Editor
LiveSquawk News
@eculp.bsky.social
@EricCulpLS
20 February 2026 | 16:30 GMT
FRANKFURT –– Managers in Germany are expected to express more optimism about their lot just days after a report showed domestic manufacturing returning to growth for the first time since mid-2022.
An economists’ poll said the headline business climate index for Germany due Monday from the country’s Ifo economics institute was forecast to increase to 88.3 points from 87.6, the reading for December and January and the lowest mark since May.
The expectations measure of the index for the coming six months is projected to improve to 90.0 points from 89.5, with January’s current assessment reading set to rise to 86.2 versus 85.7 in the previous month.
Friday’s US Supreme Court decision to strike down much of President Donald Trump’s global tariffs could play a minor role in the results, depending on how many respondents had already submitted their questionnaires ahead of Monday’s report.
German industry on the up and up
Purchasing managers in German manufacturing were more optimistic about their sector this month than at any time since June 2022. S&P Global said Friday that its preliminary manufacturing reading for February climbed to 50.7 points, pushing back into growth territory above the 50-point mark for the first time in more than three years. The services reading increased a point to 53.4 versus expectations for no change. The results of the improvements pushed the composite reading a point higher to 53.1, the best in four months.
“The increase in manufacturing order books was in fact the strongest in almost four years,” S&P wrote.”
Germany’s robust industrial showing supported the manufacturing PMI for the Eurozone, which jumped to 50.8 points, also a 44-month high, the US pollster noted.
ING’s Carsten Brzeski said, “Driven by a rebound in German manufacturing, the Eurozone economy is gaining momentum, leaving the geopolitical tensions of the past behind – at least for now.”
Financial market experts surprised economists on Tuesday by expressing significantly less optimism about Germany’s prospects in the coming six months, with the forward-looking measure for February dropping from its highest mark since July 2021 last month.
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