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ifo Business Climate Index for Eastern Germany Edges Upwards

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Ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in November 2017 Press Release for ifo Business Climate Index for Eastern Germany (PDF, 190 KB) The economic climate in eastern German trade and industry remains very bright, despite the wet, cold weather. The ifo Business Climate Index for Eastern Germany rose marginally from 113.8 points to 114.0 points in November. This was due to slightly better assessments of the current business situation. Assessments of future business developments, by contrast, were somewhat less optimistic than last month. In eastern German manufacturing the business climate improved, reaching its highest level since July’s record-breaking

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

The economic climate in eastern German trade and industry remains very bright, despite the wet, cold weather. The ifo Business Climate Index for Eastern Germany rose marginally from 113.8 points to 114.0 points in November. This was due to slightly better assessments of the current business situation. Assessments of future business developments, by contrast, were somewhat less optimistic than last month.

In eastern German manufacturing the business climate improved, reaching its highest level since July’s record-breaking results. Survey participants made small upwardly revisions to both their assessments of the current business situation and their business expectations. Eastern German capital goods producers were the only survey participants to report slightly less optimism after the announcement of plant closures in Saxony.

In eastern German wholesaling the business climate index also rose. Business was clearly better than in October and the business outlook brightened somewhat. In eastern German retailing the business climate improved thanks to a better business outlook.

In eastern German construction the business climate index fell for the second month in succession. With assessments of the current business situation almost unchanged, survey participants surprisingly scaled back their business expectations (seasonally-adjusted) significantly. 

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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