Appendix to the Management Report
(02.07.2018) Having recovered noticeably in the previous month, the Ifo Business Climate for industry and trade in North Rhine-Westphalia deteriorated again in June. The companies surveyed no longer rated their current business situation as good as before and believe that their business situation is unlikely to improve in the next six months.
Since April 2018, the ifo Institute has published the Ifo Business Climate for Germany including the services sectors. These industry data are currently not available to NRW.BANK for North Rhine-Westphalia, which is why the Bank will continue to analyse the data for industry and trade (manufacturing sector, construction sector, retail and wholesale sectors) for the time being.