The mood in the East German economy continues to deteriorate. According to the Ifo Institute in Dresden, the business climate index fell from 92.3 to 90.2 points in July. The companies surveyed assessed both the current situation and their expectations for the coming months as worse.
According to the institute, the business climate in the manufacturing industry, among others, cooled down. Companies assessed their current business situation more negatively than in the previous month, while their expectations remained unchanged.
