Return ifo business climate data

Usage

ifo_business(
  type = c("germany", "sectors", "eastern", "saxony"),
  long_format = TRUE
)

Source

https://www.ifo.de/en/ifo-time-series

Arguments

type

(character(1))
Defaults to "germany". One of:

"germany": returns the ifo business climate index for Germany.
"sectors": returns the ifo business climate index for different sectors.
"eastern": returns the ifo business climate index for eastern Germany.
"saxony": returns the ifo business climate index for Saxony.

long_format

(logical(1))
If TRUE return the data in long format. Only applies to type "germany" and "sectors". Default TRUE.

Value

A data.frame() containing the monthly ifo business climate time series.

Details

With long_format = TRUE, type = "germany" and type = "sectors" return one observation per row in value. The other columns describe each observation:

indicator: climate, situation, or expectation.
series: index or balance.
sector: the sector, returned only for type = "sectors".

For type = "sectors", sector = "industry" corresponds to "Industry and Trade" in the source. It is the only sector available as both an index and a balance; all other sectors are balances.

For type = "germany", uncertainty and economic_expansion repeat across the six indicator and series combinations for each month.

Examples

# \donttest{
business <- ifo_business("germany")
head(business)
#>    yearmonth uncertainty economic_expansion   indicator  series value
#> 1 2005-01-01          NA               83.1     climate   index  92.2
#> 2 2005-01-01          NA               83.1   situation   index  87.5
#> 3 2005-01-01          NA               83.1 expectation   index  97.2
#> 4 2005-01-01          NA               83.1     climate balance   1.5
#> 5 2005-01-01          NA               83.1   situation balance  -0.7
#> 6 2005-01-01          NA               83.1 expectation balance   3.8
# }