Shutterstock/Quality Stock Arts
Shutterstock/Quality Stock Arts
The mood in the German economy improved. This was reported by the Ifo Institute for Economic Research. The institute saw a significant uptick in retail sentiment.
The German economy is starting the new year with more confidence. The Ifo institute found a significant increase in sentiment in the retail trade. Expectations have improved here in particular. Companies continue to assess the current situation as slightly positive.
In the manufacturing sector, companies also assess their current state better than before. In addition, expectations for the first half of the year have improved significantly. Backlogs are down but still at a high level. Production is expected to increase in the coming months.
The business climate improved in the services sector. Service providers were less pessimistic about the coming months. Current business, on the other hand, is growing more slowly. This is especially true for transport and logistics, as well as the hospitality industry.
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