East German economy: Business climate continues to brighten in September

The mood in the East German economy continues to brighten noticeably. As the Ifo Institute in Dresden announced, the business climate index rose to 91.1 points in September. In the previous month, the value of the sentiment barometer for the regional economy in eastern Germany was 89.9 points. The companies surveyed assessed their current business situation significantly better and at the same time expressed themselves somewhat more optimistically about their business expectations.

The business climate improved significantly, especially in the manufacturing and service sectors. On the other hand, things deteriorated somewhat in trade. During construction it brightened only slightly.

The Ifo business climate index for eastern Germany is based on around 1,700 reports from companies in industry, the service sector, trade and the main construction sector. It is considered an important leading indicator for the economy.