Results of the September 2014 Ifo Business Survey
German Service Sector: Ifo Business Climate Indicator for Service Sector Falls
The Ifo Business Climate Indicator for the German service sector continued to decline in September to 18.9 balance points, from 20.1 points in the previous month. Although the current business situation clouded over considerably, it remains at a high level. More service providers are now optimistic about future business developments.
President of the Ifo Institute
Ifo Business Climate in the Service Sector
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.