The mood in the East German economy remains predominantly poor.
The business climate index for eastern Germany rose slightly to 87 points in December, as the Ifo Institute in Dresden announced. In November the value was 86.9. The companies surveyed assessed their business situation as unchanged compared to November, but business expectations were slightly more pessimistic.
The business climate in East German trade and manufacturing deteriorated slightly in December. Retailers assessed their business expectations slightly less favorably, while wholesalers are noticeably more pessimistic about their future business development.
The Ifo business climate for Eastern Germany is based on around 1,700 reports from companies. Every month you are asked about the current business situation and expectations for the next six months. (dpa)
