In manufacturing, the index fell again after a strong increase in the previous month. This was due to noticeably more pessimistic expectations. Uncertainty among manufacturing companies grew especially strongly. By contrast, the current business situation was assessed as somewhat better. The order backlog is no longer declining, according to the ifo Institute for Economic Research.
In trade, the index fell. Expectations were pessimistic again. The trading companies assessed their current business situation as somewhat worse. The negative development was driven primarily by the wholesale sector.
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