The mood in the East German economy hardly changed at the turn of the year. According to the Dresden-based Ifo Institute, the companies surveyed assessed both their current business situation and their expectations for the coming months as only slightly better than in the previous month. The business climate index for eastern Germany rose slightly from 90.0 to 90.1 points in December.
Sentiment not the same everywhere
Sentiment developed differently in the individual sectors. In industry, the business climate cooled significantly. Companies assessed their current situation as considerably worse than in November and were also somewhat more pessimistic about the coming months.
