Economy
Monday, April 25, 2016
Experts had expected a rise. However, according to the Ifo Institute, the mood of German companies has deteriorated in April. While the bosses with the current situation are more dissatisfied than before, they look more optimistic about the future.
The mood among German CEOs has unexpectedly deteriorated slightly in April. The Ifo Business Climate Index fell to 106.6 points, to 106.7 points in March. This was announced by the Munich researchers to their survey. Economists however had expected a rise to 107.0 points.
The companies were a little less satisfied with their current business situation. But their expectations brightened further. “The German economy remains in a moderate recovery”, the new Ifo President Clemens Fuest, who has taken up his duties on 1 April said.
The indicator for the assessment of the current situation of the companies surveyed fell in April 113.2 from 113.8 points in the previous month. The forecast of economists had envisaged to a level of 113.5. The index for business expectations rose to 100.4 from 100.0 in the previous month counter, while the surveyed economists had expected an increase to 100.8 points.
More aboutIn manufacturing the business climate has improved again. While industrial companies slightly reduced their assessments of the current situation, they looked more optimistic for the coming months. Production plans were significantly revised upwards.
In both the wholesale and the retail index has dropped noticeably. He is, however, each still well above the long-term average. In construction the business climate index turned back into positive territory. This was mainly due to significantly better situation assessments.
The Ifo index is the most important early indicator of the German economy. It is calculated monthly from the survey of around 7,000 companies from industry, trade and construction.
Source: n-tv.de
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