Financial Reports

Appendix to the Management Report

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Sustainability Report


NRW.BANK.ifo-business climate

January 2019

Business climate cools

(07.02.2019) The Ifo Business Climate for the North Rhine-Westphalian economy (including the services sector since January 2019) cooled noticeably in January. The companies surveyed rated their current business situation less favourably than in December; for the first time since November 2012, the pessimists were slightly dominant again when it came to assessing the future prospects.


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