Results of the October 2014 Ifo Business Survey
German Service Sector: Ifo Business Climate for Service Sector Improves Clearly
The Ifo Business Climate Indicator for the German service sector rose in October to 23.8 balance points, from 19.0 points in the previous month. Service providers were far more satisfied with their current business situation. They were also more optimistic about future business developments and plan to recruit additional staff.
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.