Appendix to the Management Report
Business climate cools again
(06.11.2018) The Ifo Business Climate for industry and Trade in North Rhine-Westphalia cooled again in October. According to the results of the Ifo Business Climate Survey, the respondents rated their actually very good situation less favourably than in September. They were also less optimistic about the six-month outlook than last month.
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.