The East German economy is more optimistic about the future. The business climate brightened in July compared to the previous month, according to the Ifo Institute in Dresden. The current situation was assessed slightly worse by the companies surveyed. However, expectations for future business had improved.
Better mood in industry and construction
The business climate improved significantly in industry in particular, according to the researchers. The current business situation was assessed as considerably better and business expectations had also risen.
The business climate also brightened in the construction industry. Expectations for the future rose significantly. However, companies' assessments of their business in July were slightly worse than in June.
