A few weeks before the early general election, the mood in the East German economy has deteriorated further. Researchers at the Ifo Institute in Dresden see the monthly business climate survey "in decline". The value fell from 86.9 points in December to 85.5 in January. Only an Ifo business climate index above 100 indicates a positive mood among companies.
Sentiment in industry deteriorated significantly
"The business climate in the eastern German manufacturing industry deteriorated very significantly in January. The industrial companies surveyed assessed their current business situation as noticeably worse than in the previous month," it said. In terms of business expectations, skepticism had increased very sharply.
