In manufacturing, the business climate index rose slightly. This was due to less scepticism in companies’ expectations. However, they once again assessed their current situation as worse, and the order situation remains difficult, ifo Institute said in a press release.
In trade, the index fell. Businesses revised their assessments of the current situation downward and are also more pessimistic regarding the coming months. This development was driven primarily by the wholesale segment.
ALCHEMPro News Desk (NB)
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