In November 2025, the Ifo Business Climate Index for Germany saw a slight decline, dropping to 88.1 from 88.4 in October. This figure fell short of the market's anticipated 88.5. Companies expressed a more pessimistic view of the future, as indicated by a decrease in the expectations component, which slid to 90.6 from 91.6. Meanwhile, evaluations of present conditions saw a modest improvement, rising to 85.6 from the previous 85.3.