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ifo Business Climate Index for Eastern Germany Falls to Lowest Level in 2018

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Ifo Business Climate for Eastern Germany - Results of the ifo Business Survey in November 2018 Press Release for ifo Business Climate Index for Eastern Germany (PDF, 131 KB) Along with the cold snap in the weather, eastern Germany’s economic climate cooled down considerably in November. The ifo Business Climate Index for trade and industry in eastern Germany fell from 106.3 to 104.3 points this month. Survey participants scaled back both their assessments of the current business situation and their business expectations significantly compared to last month. Sentiment in eastern German manufacturing weakened considerably in November. Survey participants’ assessments of their current business situation

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

Along with the cold snap in the weather, eastern Germany’s economic climate cooled down considerably in November. The ifo Business Climate Index for trade and industry in eastern Germany fell from 106.3 to 104.3 points this month. Survey participants scaled back both their assessments of the current business situation and their business expectations significantly compared to last month.

Sentiment in eastern German manufacturing weakened considerably in November. Survey participants’ assessments of their current business situation were slightly less favourable, while their business expectations were scaled back markedly. Capacity utilisation, on the other hand, declined only slightly.

In eastern German wholesaling, the business climate index fell markedly compared to last month. The wholesalers surveyed expressed somewhat less satisfaction with their ongoing business. Their outlook for the next six months was also far less favourable. The business climate in eastern German retailing, by contrast, tended sideways. This made retailing the only economic sector in which sentiment did not weaken in November. Although the retailers surveyed expressed somewhat less satisfaction with their current business, they raised their business expectations slightly.

In the eastern German construction sector, the business climate index fell slightly compared to last month. This was mainly due to the downward revision of survey participants' assessments of the current business situation. Their business outlook also clouded over 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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