The mood in the eastern German economy deteriorated slightly in January. According to the Ifo Institute in Dresden, the business climate index for eastern Germany fell slightly from 90.1 points in December to 89.8 points in January. While companies assessed their current business situation slightly better, expectations for the coming months were slightly more pessimistic.
Mood in industry much more upbeat
The business climate in the manufacturing sector brightened noticeably in January. The industrial companies surveyed assessed their current situation as significantly better than in the previous month. At the same time, they again revised their expectations for the coming months slightly downwards.
