Appendix to the Management Report
Business climate cools
(04.05.2018) The Ifo Business Climate for industry and trade in North Rhine-Westphalia has cooled noticeably. In April, the participants in the Ifo Business Survey no longer rated their current situation as favourably as before and there were no signs left of the optimism about the future they had expressed in the past months. Compared over the long term, however, the business climate was still good.
For your information
In April 2018, the new ifo Business Climate Germany replaced the previous ifo index for industry and trade. The most important change: In addition to the manufacturing sector, the construction industry, wholesaling and retailing, the service sector will now also be integrated. The data for the service sector in North Rhine-Westphalia is not available at the moment. For that reason, the NRW.BANK.ifo Business Climate is published in the usual way.