In manufacturing, the index rose significantly. Companies were considerably less pessimistic about the future. However, they assessed their current situation as worse. The number of new orders fell again. While uncertainty about future business development remains high, it did fall a little. But in energy-intensive industries, uncertainty rose further, ifo said in a press release.
In trade, the index rose once again. Businesses assessed their current situation as slightly better. Their expectations were noticeably higher. Nevertheless, roughly one in two companies is currently still pessimistic about the next six months.
ALCHEMPro News Desk (NB)
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