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Jimdo-ifo Business Climate Index for the Self-Employed — 17 April 2024

Uncertainty Dampens the Mood of the Self-Employed in Germany

Uncertainty among the self-employed in Germany has increased. As a result, the business climate for this segment has deteriorated, according to the latest ifo survey in March (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -15.6 points*, down from -14.6 points* in February. “Contrary to the situation in the other sectors of the economy, the self-employed are experiencing increasing doubt,” says ifo expert Katrin Demmelhuber.

Jimdo-ifo Business Climate Index for the Self-Employed — 11 March 2024

Improved Sentiment among the Self-Employed in Germany

Sentiment among the self-employed in Germany has improved. The Business Climate Index rose to -14.6 points* in February, up from -22.6 points* in January. This is a finding from the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The rise was due to less pessimistic expectations. However, the self-employed are particularly dissatisfied with their order backlog, which continues to shrink. “This segment is still far from optimistic,” says ifo expert Katrin Demmelhuber.

Jimdo-ifo Business Climate Index for the Self-Employed — 19 February 2024

Worsening Order Shortage Weighs on the Self-Employed in Germany

Many of Germany’s self-employed reported that their order intake in January was too low. The proportion of those with this complaint increased to 47.9% at the start of the year, up from 45.3% in October. This is a finding from the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). “The order books of the self-employed are plainly melting away,” says ifo expert Katrin Demmelhuber, “and the resulting decline in sales is a cause for concern.”

Jimdo-ifo Business Climate Index for the Self-Employed — 8 January 2024

Business Climate for Germany’s Self-Employed Improves

The business climate for the self-employed in Germany improved slightly at the end of the year, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index rose to -17.5 points* in December, up from -18.8 points* in November. “It’s too early to talk of a trend reversal,” says ifo expert Katrin Demmelhuber. “The self-employed are currently a long way from an economic recovery.”

Jimdo-ifo Business Climate Index for the Self-Employed — 15 December 2023

Business Climate for Self-Employed Turns Even More Negative

The business climate for Germany’s self-employed has deteriorated, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -18.8 points* in November, down from -16.2 points* in October. “In contrast to the economy as a whole, there’s still no light at the end of the tunnel for Germany’s self-employed,” says ifo expert Katrin Demmelhuber. “We don’t see any sign of a recovery on the horizon.”

Jimdo-ifo Business Climate Index for the Self-Employed — 3 November 2023

Business Climate for Germany’s Self-Employed Clouds Over

The business climate for Germany’s self-employed has deteriorated, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -16.2 points* in October, down from -14.4 points* in September. “In September, it seemed as though things were looking up for the self-employed. October failed to bear this out,” says ifo expert Katrin Demmelhuber. “The situation for the self-employed remains tense.”

Jimdo-ifo Business Climate Index for the Self-Employed — 12 October 2023

Business Climate for Germany’s Self-Employed Brightens

The business climate for Germany’s self-employed has brightened considerably, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). In September, the index rose to -14.4 points*, up from -19.9 points* in August. “The country’s self-employed appear to be recovering from their economic low point,” explains ifo expert Katrin Demmelhuber. “Whether this improvement will last will become clear over the next few months.”

Jimdo-ifo Business Climate Index for the Self-Employed — 18 September 2023

German Business Climate for the Self-Employed Cools Further

The business climate for Germany’s self-employed has deteriorated for the fifth time in a row, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -19.9 points in August, down from -16.4 points in July. “The situation in the German economy is tense,” says ifo expert Katrin Demmelhuber. “For the self-employed, the risk of entering a downward spiral is increasing.”

Jimdo-ifo Business Climate Index for the Self-Employed — 14 August 2023

Business Climate for Germany’s Self-Employed Worsens

The business climate for Germany’s self-employed has deteriorated for the fourth time in a row, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -16.4 points* in July, down from -12.6 points in June. “Germany’s economy is going through a weak phase,” says ifo expert Katrin Demmelhuber. “The country’s self-employed cannot escape this.”

Jimdo-ifo Business Climate Index for the Self-Employed — 11 July 2023

Business Climate for Germany’s Self-Employed Clouds Over

The business climate for Germany’s self-employed has deteriorated, finds the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell to -12.6 points* in June, down from -8.6 points* in May. “There’s a kind of domino effect at work here,” says ifo expert Katrin Demmelhuber. “Since many large companies are short of orders, they’re also placing fewer orders with the self-employed.”

Jimdo-ifo Business Climate Index for the Self-Employed — 7 June 2023

Business Climate for Self-Employed Turns Even More Negative

The business climate for Germany’s self-employed has deteriorated. This is a finding by the latest ifo survey for this segment (“Jimdo-ifo Business Climate Index for the Self-Employed”). The index fell from -3.2 points in April to -8.6 points in May. “The business community’s worry lines are deepening,” says ifo expert Katrin Demmelhuber. “Not enough new orders are coming in at present.”

Jimdo-ifo Business Climate Index for the Self-Employed — 9 May 2023

Business Climate for Germany’s Self-Employed Clouds Over

The business climate for Germany’s self-employed has deteriorated. The “Jimdo-ifo Business Climate Index for the Self-Employed” fell to -3.2 points (not seasonally adjusted) in April, down from +1.8 points (not seasonally adjusted) in March. “In contrast to the economy as a whole, the recovery made in the previous month quickly disappeared again,” says ifo expert Katrin Demmelhuber. “Developments for the self-employed and microenterprises currently lack momentum.”