Regional evaluation for Saxony of the Ifo Business Survey in January 2013
Business Climate in Saxony Improves Slightly
The Ifo Business Climate Index for German industry and trade rose for the third time in succession. While the business climate also brightened considerably in Eastern Germany, there was only a slight improvement in the climate indicator for Saxony. This was due to less pessimism about their six-month business outlook on the part of Saxon survey participants. However, Saxon companies were less satisfied with their current business situation than in December of the previous year.