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Ifo Business Survey for July 2010

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  • Klaus Abberger

Abstract

The Ifo Business Climate for industry and trade in Germany rose sharply in July. This increase is the largest since German reunification. In the business climate time-series for West Germany, compiled by Ifo before unification, the last stronger increase occurred in 1983. Although caution is in order when comparing values over time, this still gives an indication as to how unusual the current change is. In the July survey, the firms reported a considerably better business situation than in the previous month. Their business expectations for the coming half year are also more optimistic than in June. The German economy is moving energetically into the summer months. Firms' improved business situation has also found expression in their personnel planning. The Ifo Employment Barometer rose sharply in July. The labour market in Germany is expected to develop positively in the near future.

Suggested Citation

  • Klaus Abberger, 2010. "Ifo Business Survey for July 2010," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(14), pages 44-46, July.
    • Handle: RePEc:ces:ifosdt:v:63:y:2010:i:14:p:44-46
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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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