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Ifo Business Climate Index for Eastern Germany Rises

Summary:
Results of the Ifo Business Survey for March 2017 Mar 30, 2017 Confidence in trade and industry in eastern Germany improved again at the beginning of spring; the business climate index rose in March from 109.5 to 110.4 points. The survey participants assessed their business situation as well as their business expectations slightly more favourably than in February. The development of industry and trade in eastern Germany was similar to that in Germany as a whole in March. In eastern German manufacturing, sentiment improved in March. The manufacturers again revised their business expectations slightly upwards. Moreover, their assessment of the current situation remained at a high level. The business climate index for eastern Germany’s wholesale trade trended sideways in March. The survey participants’ assessments of the current situation improved somewhat compared to February. On the other hand, the six-month outlook clouded over slightly. In eastern German retailing, the business climate index rose slightly. Retailers’ expectations were again less pessimistic, while their appraisals of the current situation remained nearly unchanged. The business climate index in the eastern German construction industry rose in March. The survey participants were much more satisfied with their business situation.

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Results of the Ifo Business Survey for March 2017

Mar 30, 2017

Confidence in trade and industry in eastern Germany improved again at the beginning of spring; the business climate index rose in March from 109.5 to 110.4 points. The survey participants assessed their business situation as well as their business expectations slightly more favourably than in February. The development of industry and trade in eastern Germany was similar to that in Germany as a whole in March.

In eastern German manufacturing, sentiment improved in March. The manufacturers again revised their business expectations slightly upwards. Moreover, their assessment of the current situation remained at a high level.

The business climate index for eastern Germany’s wholesale trade trended sideways in March. The survey participants’ assessments of the current situation improved somewhat compared to February. On the other hand, the six-month outlook clouded over slightly. In eastern German retailing, the business climate index rose slightly. Retailers’ expectations were again less pessimistic, while their appraisals of the current situation remained nearly unchanged.

The business climate index in the eastern German construction industry rose in March. The survey participants were much more satisfied with their business situation. Business expectations improved slightly, after having normalised in February. 

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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