ifo Business Climate Index for Saxony — 4 May 2020
Mood among Saxony’s Companies Continues to Plummet (April 2020)
Sentiment among companies in Saxony continued to nosedive in April, as the ifo Business Climate Index for Saxony plunged from 89.8 to 78.0 points. This is in line with the strong slump in eastern Germany and across Germany as a whole. The companies surveyed lowered their assessments of the current situation and business expectations to an unprecedented extent – the coronavirus crisis has hit all areas of Saxony’s economy.