According to the Chambers of Industry and Commerce (IHK), the Saxon economy remains in the doldrums. There is currently no sign of an economic recovery, according to the latest economic survey. According to the survey, the IHK business climate index fell further to 97 points. The chambers referred to the results of a current economic survey in which around 1,800 companies from all economic sectors with around 85,000 employees were questioned in September.
According to the survey, the situation has deteriorated further and companies' expectations are currently much more pessimistic after an increase in spring due to persistently weak demand and high costs. Only 12 percent of the companies surveyed expect business to improve in the coming months, while 26 percent expect their situation to deteriorate.
