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ifo Business Climate Index for Eastern Germany Rises

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Ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in September 2017 Press Release for ifo Business Climate Index for Eastern Germany (PDF, 733 KB) The ifo Business Climate Index for eastern German trade and industry rose from 113.9 to 114.9 points (seasonally-adjusted) in September, hitting a new record high. This was due to a clear improvement in survey participants’ business expectations. They assessed their ongoing business less favourably than last month. In eastern German manufacturing the business climate brightened slightly, after clouding over last month. Although manufacturers were less satisfied with their ongoing business, they upwardly corrected their six-month

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ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in September 2017

The ifo Business Climate Index for eastern German trade and industry rose from 113.9 to 114.9 points (seasonally-adjusted) in September, hitting a new record high. This was due to a clear improvement in survey participants’ business expectations. They assessed their ongoing business less favourably than last month.

In eastern German manufacturing the business climate brightened slightly, after clouding over last month. Although manufacturers were less satisfied with their ongoing business, they upwardly corrected their six-month business outlook markedly. Eastern German manufacturers across the board were more optimistic than last month.

The business climate index also rose in eastern German wholesaling, although only to a very limited degree. Eastern German wholesalers reported a marginally upturn in business and were somewhat more optimistic about their business outlook. In eastern German retailing, by contrast, the business climate improved significantly. While assessments of the current business situation remained virtually unchanged, the retailers surveyed upwardly revised their business expectations significantly.

In eastern German construction the business climate index also rose in September, hitting a new record high. Business was slightly better than in August. The contractors surveyed also expressed growing confidence that business in the construction sector, which is already good, will pick up over the winter. 

Prof. Dr. Marcel Thum
Director Ifo Dresden

Prof. Dr. Joachim Ragnitz
Managing Director Ifo Dresden

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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