The mood in the East German economy deteriorated slightly in February. According to the Ifo Institute in Dresden, the business climate index fell from 89.8 points in January to 89.4 points. Companies assessed their current situation as slightly better than in the previous month, but were also slightly more pessimistic about the coming months.
Industry with slightly dampened expectations
The business climate in the manufacturing sector cooled slightly in February. Although industrial companies assessed their current business slightly better than in January, they lowered their expectations for the next three months.
