The mood in the German economy improved somewhat at the beginning of the year thanks to a better assessment of the current situation.
In January, the IFO business climate rose by 0.4 points to 85.1 points, as the IFO Institute announced on Monday in Munich. This is the first increase after two setbacks in a row. Endler: Inside, 84.8 points had expected little changed. However, the approximately 9,000 companies surveyed by the IFO Institute look even more pessimistic to the future: the index value for expectations of future business continued to fall.
The current business situation, on the other hand, was better assessed in January. Here the corresponding sub -indicator rose by 1.0 points to 86.1 points and thus significantly stronger than analyst.
Clear differences in the areas of the German economy
“The increase was primarily the result of a cheaper assessment of the current situation,” commented IFO President Clemens Fuest because the overall data. The ifo survey showed clear differences in the individual areas of the German economy. In the industrial drives, the mood deteriorated because of A growing skepticism of companies with a view to the future business.
“The German economy remains pessimistic”, IFO boss Fuest summarizes the result of the survey. According to Ulrich Kater, chief economist of the Dekabank, there is no trace of the spirit of optimism in the German economy. “According to these figures, the German economy remains Also in the first half of the year in stagnation, “commented Kater.
Uch Thomas Gitzel, chief economist of VP Bank, remains pessimistic: “Germany will remain behind in international comparison.” According to his assessment, the German export model does not work.