Fra IFO – læs hele meddelelsen her
Munich, August 26, 2019 – German CEOs’ worry lines are getting deeper. The ifo Business Climate Index fell in August from 95.81 to 94.3 points. This is its lowest level since November 2012. Companies were once again much less satisfied with their current business situation. Pessimism regarding the coming months also increased.
There are ever more indications of a recession in Germany. In manufacturing, the fall in the business climate indicator has yet to find a floor. Satisfaction with the current situation declined again, while expectations slid further into negative territory. The last time that industrial companies demonstrated such pessimism was in the crisis year of 2009. Not a single ray of light was to be seen in any of Germany’s key industries.
In services, the business climate has deteriorated noticeably. This is due to a considerably less favorable assessment of the current situation. In addition, skepticism grew with regard to the near future. In trade, the index slid into negative territory. The indices of the current situation and the business outlook recorded falls. This decline was driven primarily by wholesaling. In construction, the business climate indicator has fallen slightly. Companies were a little less satisfied with their current situation. For the coming months, they are not expecting a major change in what are still very favorable business conditions.
