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Slight worsening of the credit climate

Author

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  • André Kunkel

Abstract

According to the results of the recent Ifo Business Survey, the credit climate in manufacturing, construction and trade has worsened slightly. Particularly larger enterprises in manufacturing reported more restrictive bank lending policies. In regional terms the credit climate in the west worsened more so than in the east. However, the overall level of the credit climate in all three surveyed sectors is higher in western than in eastern Germany. In light of the current situation on the international financial markets and its effect on German banks, which made a slight cooling of the credit climate likely, the decline in the indicator is only moderate and can be attributed to the slowing in economic growth that has occurred since the last survey.

Suggested Citation

  • André Kunkel, 2008. "Slight worsening of the credit climate," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(07), pages 35-37, April.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:07:p:35-37
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    File URL: https://www.ifo.de/DocDL/ifosd_2008_7_5.pdf
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    Cited by:

    1. Manuel Birnbrich, 2008. "Wholesaling: Less expansive investment plans," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(16), pages 24-28, August.

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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