Appendix to the Management Report
Further deterioration in the business climate
(06.12.2018) The ifo Business Climate Indicator for industry and trade in North Rhine-Westphalia fell again in November. Although the current situation was increasingly viewed favourably, the past three months’ confidence regarding the near future was no longer felt.
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.