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

Author

Listed:
  • Jonas Hennrich
  • Stefan Sauer
  • Klaus Wohlrabe

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..

Suggested Citation

  • Jonas Hennrich & Stefan Sauer & Klaus Wohlrabe, 2023. "Who Reports the Mood in German Boardrooms? Evidence from the ifo Business Survey," CESifo Working Paper Series 10571, CESifo.
    • Handle: RePEc:ces:ceswps:_10571
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp10571.pdf
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    References listed on IDEAS

    as
    1. Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2023. "Information frictions among firms and households," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 99-115.
    2. Stefan Sauer & Klaus Wohlrabe, 2018. "The New ifo Business Climate Index for Germany," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 19(02), pages 59-64, July.
    3. Demmelhuber Katrin & Sauer Stefan & Wohlrabe Klaus, 2023. "Beyond the Business Climate: Supplementary Questions in the ifo Business Survey," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 243(2), pages 169-182, April.
    4. repec:ces:ifofor:v::y:2018:i::p: is not listed on IDEAS
    5. Robert Lehmann, 2023. "The Forecasting Power of the ifo Business Survey," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(1), pages 43-94, March.
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    Cited by:

    1. Thomas Licht & Klaus Wohlrabe, 2024. "AI Adoption Among German Firms," CESifo Working Paper Series 11459, CESifo.
    2. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

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    More about this item

    Keywords

    ifo business Survey; firms; answering behaviour;
    All these keywords.

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

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