The mood in the East German economy continues to deteriorate slightly. The business climate index for eastern Germany fell from 88.6 to 88.2 points between August and September, according to the ifo Institute in Dresden. The companies surveyed assessed the current situation as significantly worse than in the previous month, but raised their business expectations slightly.
Services sector and construction industry slightly improved
According to the institute, there was a slight improvement in the economic climate in the services sector in September. The companies surveyed raised their assessment of their current business slightly and expect a somewhat more positive business trend in the coming months.
The business climate in the main construction sector in eastern Germany also improved slightly in September. The construction companies surveyed stated that their business situation was slightly worse than in August. At the same time, they raised their expectations for future business development noticeably.
