ifo Business Climate Index for Saxony

The ifo Business Climate in Saxony brightened considerably in April. The barometer of business sentiment in Saxony’s economy leapt from 91.8 to 95.5 points. The companies surveyed raised their assessments of the business situation enormously. Their business expectations also improved substantially compared to the previous month. Business in Saxony is much better again.

Not only did March bring a gradual rise in outdoor temperatures, but it also warmed up the business climate in Saxony. The barometer of business sentiment in Saxony’s economy rose from 90.2 to 91.6 points. The companies surveyed raised their assessments of the business situation significantly and their business expectations slightly compared to February.

The business climate in Saxony deteriorated slightly in February. The barometer of business sentiment in Saxony’s economy fell from 91.0 points in January to 90.2 points in February, marking the third month in a row to see a decrease. The companies surveyed assessed their business situation as marginally worse than in January; they reduced their expectations for the coming months slightly.