IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v61y2008i17p32-34.html
   My bibliography  Save this article

Credit climate slightly deteriorated

Author

Listed:
  • André Kunkel

Abstract

According to the latest survey of the Ifo Institute, the credit climate continued to worsen in all sectors, although in the construction and trade sectors it did so only slightly. The lending situation for the firms of the manufacturing industry worsened further. This development was caused primarily by the responses of the east German firms, whose credit climate fell for the first time since the start of the survey. Retailers and wholesalers also assessed banks’ lending policy more negatively. In regional terms, the development has thus become aligned. Last March it had been primarily west German retailers and wholesalers reporting more restrictive policies of their banks; now this trend may also be observed for their east German counterparts. Firms in the construction industry see the banks’ lending decisions differently depending on the region they are in. In western Germany, the credit climate has continued to cool off slightly, whereas in eastern Germany the construction firms even reported a small improvement.

Suggested Citation

  • André Kunkel, 2008. "Credit climate slightly deteriorated," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(17), pages 32-34, September.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:17:p:32-34
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2008_17_4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Klaus Abberger & André Kunkel, 2008. "Firms hardly suffering at all from financing difficulties stemming from the financial market crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(09), pages 29-31, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Manuel Birnbrich, 2008. "Retailing: Also in 2008, continuing investment dynamics mainly borne by large retailers," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(15), pages 41-45, August.

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:61:y:2008:i:17:p:32-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.