Results of the March 2013 Ifo Business Survey
German Service Sector: Ifo Business Climate Indicator Falls
The Ifo Business Climate Indicator for the German service sector fell in March. Satisfaction with the current business situation decreased minimally. Survey participants were also slightly less optimistic about future business developments. Service providers nevertheless still plan to recruit additional staff.
President of the Ifo Institute
Ifo Business Climate in the Service Sector (Indices)
The Ifo Business Survey of the service sector is based on ca. 2,500 monthly survey responses from firms in key segments of the tertiary sector, especially business-oriented segments (excl. distribution, financial services, Leasing, insurance and government). The survey is conducted and calculated in the same way as the Ifo Business Survey of industry and trade. The indicator for the Business Climate in the service sector has not yet been incorporated into the Ifo Business Climate Index for industry and trade.