According to the Ifo Institute in Dresden, the mood in the East German economy brightened slightly in August. The companies surveyed assessed their business situation as slightly worse than in the previous month, but raised their business expectations slightly compared to July, the institute reported.
However, there are differences between the individual business sectors that the institute surveys every month. In industry, the business climate has cooled slightly, it said. Companies assessed their current situation slightly more negatively than in the previous month. Future business expectations were also somewhat gloomier.
