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ifo Business Climate Index for Eastern Germany Falls Sharply

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Ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in September 2018 Press Release for ifo Business Climate Index for Eastern Germany (PDF, 193 KB) Eastern Germany’s economic climate cooled down considerably in September. The business climate index for trade and industry in eastern Germany fell from 106.6 points to 104.4 points this month. Survey participants scaled back their assessments of the current business situation considerably. Their business expectations also fell markedly. In eastern German manufacturing sentiment weakened clearly in September, mainly due to poorer assessments of the current business situation. The manufacturers surveyed were significantly less

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

Eastern Germany’s economic climate cooled down considerably in September. The business climate index for trade and industry in eastern Germany fell from 106.6 points to 104.4 points this month. Survey participants scaled back their assessments of the current business situation considerably. Their business expectations also fell markedly.

In eastern German manufacturing sentiment weakened clearly in September, mainly due to poorer assessments of the current business situation. The manufacturers surveyed were significantly less satisfied with their ongoing business. Their business expectations remained unchanged.

The business climate in eastern German wholesaling cooled down considerably. Survey participants were somewhat less satisfied with their current business situation and scaled back their business expectations for the months ahead significantly. Sentiment among eastern German retailers firmed marginally in September. Their assessments of the current business situation improved slightly, while their business expectations deteriorated somewhat.

In eastern German construction sentiment also weakened somewhat. This was largely due to slightly less favourable assessments of the current business situation by the contractors surveyed. Their six-month business outlook, by contrast, improved slightly. 

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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