According to a new business survey by the Ifo Institute in Munich, German companies are having a hard time predicting their business.
Munich (dpa) – Due to Corona, German companies find it difficult to predict the development of their businesses. This is the result of a new survey with which the Ifo Institute records the uncertainty of companies.
On a scale of zero to 100, the value in October was 64, lower than in April but significantly higher than in February, Ifo polling chief Klaus Wohlrabe said.
Since April 2019, the new Business Uncertainty Index has largely opposed the Ifo business climate. From now on, the institute will regularly publish the new business uncertainty measure in its business climate press releases.