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ifo Business Climate in Eastern Germany Remains Favourable

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Ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in August 2018 Press Release for ifo Business Climate Index for Eastern Germany (PDF, 111 KB) The ifo Business Climate Index for industry and trade in eastern Germany remained unchanged in August at 106.7 points. The survey respondents reported more favourable business expectations for the third month in a row. For the first time, however, the eastern German firms were less satisfied with their current business. Nevertheless, the economy in eastern Germany remains buoyant. In eastern German manufacturing, business confidence weakened noticeably in August. Assessments of the current business situation, which had weakened

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ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in August 2018

The ifo Business Climate Index for industry and trade in eastern Germany remained unchanged in August at 106.7 points. The survey respondents reported more favourable business expectations for the third month in a row. For the first time, however, the eastern German firms were less satisfied with their current business. Nevertheless, the economy in eastern Germany remains buoyant.

In eastern German manufacturing, business confidence weakened noticeably in August. Assessments of the current business situation, which had weakened slightly in the two previous surveys, declined noticeably in August. However, business expectations improved for the third month in a row.

The business climate in eastern German wholesaling remained favourable in August. The companies were much more optimistic regarding the business outlook but were clearly less satisfied with current business. Confidence in eastern German retailing weakened slightly in August. While assessments of current business declined slightly, the survey participants were slightly more optimistic regarding future business.

In eastern German construction, business confidence continued to rise noticeably, achieving a new record level. The contractors assessed their current business as favourably as in the previous month but were clearly more optimistic regarding the six-month outlook.  

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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