The ifo business climate index rose to 85.1 points this month—up from 84.7 points in December, primarily due to a more positive assessment of the current situation. However, expectations deteriorated again. Companies continue to be pessimistic, a release from the institute said.
Sentiment among firms in Germany has slightly improved in January, according to the ifo Institute.
The ifo business climate index rose to 85.1 points this month—up from 84.7 points in December.
However, expectations deteriorated again and companies continue to be pessimistic.
In manufacturing, the business climate saw a further decline, with firms being more skeptical about the coming months.
In manufacturing, the business climate saw a further decline. Companies were even more skeptical about the coming months. By contrast, the current business situation was assessed as better. Incoming orders continue to decline. Capacity utilisation remained almost unchanged at 76.5 per cent. This is still well below the long-term average of 83.4 per cent.
In trade, the business climate remained unchanged. Traders assessed their current situation as more positive. This was particularly the case in wholesale. However, expectations were slightly more pessimistic. This development was driven by retailers.
Fibre2Fashion News Desk (DS)