According to the Ifo Institute in Dresden, the mood in the East German economy fell slightly overall in June. The companies surveyed assessed their business situation as slightly worse than in the previous month and lowered their business expectations slightly compared to May, according to the institute.
Significant deterioration in sentiment in industry
The business climate in industry deteriorated significantly in June, it said. The business situation was assessed as significantly worse than in the previous month, but future expectations were noticeably better. In the service sector, the business climate had warmed slightly, while in the construction industry it had deteriorated slightly.
