In August, among the three plywood-related sectors, Trade showed flat business climate development. Construction and Manufacturing see their business climate further improving. The German ifo-institute asks companies about their current situation and future expectations, and combines those to compile its business climate index.
Construction companies consider their current situation to be better than their future expectations. Like Construction, also Trade was more satisfied with their current situation. Pessimism about the coming months remains. In wholesale, the business climate even fell back.
In Manufacturing, many industrial companies assess their current business to be poor. However, companies see their outlook for the coming months more optimistically. Order books are filling once again.