Germany regional ifo business climate: East, Saxony and NRW
The ifo business climate survey read regionally: the balance of assessments of the current situation and of expectations for Eastern Germany, for Saxony and for North Rhine-Westphalia.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eastern Germany3 | ||||||||||||||||||||||||||||||||||||||
| Eastern Germany: business climate | 89.8 | 89.1 | 88.1 | 87 | 86.3 | 89 | 89.3 | 89.8 | 90 | 89.9 | 89.3 | 88.4 | 89.1 | 88.8 | 88.3 | 89.2 | 86.7 | 88 | 87.7 | 85.7 | 87 | 87 | 88.2 | 88.5 | 88.3 | 90 | 92 | 92.4 | 92.3 | 90.3 | 88.7 | 89.6 | 88.8 | 90.8 | 90.1 | 89.8 | 90.6 | |
| Eastern Germany: current business situation | 88.3 | 88.9 | 89.5 | 88 | 86.5 | 90.6 | 88.2 | 88.1 | 88.1 | 88 | 87 | 86.2 | 87 | 87.8 | 88 | 88.9 | 87.7 | 88.1 | 88.5 | 87.4 | 87.5 | 87.5 | 87.6 | 87.4 | 88.8 | 90.1 | 92.7 | 93.1 | 92.4 | 91.7 | 90.5 | 90.7 | 90.9 | 92.9 | 91.9 | 92.6 | 92.9 | |
| Eastern Germany: business expectations | 91.3 | 89.3 | 86.7 | 86 | 86.1 | 87.5 | 90.3 | 91.4 | 91.9 | 91.9 | 91.7 | 90.6 | 91.3 | 89.8 | 88.7 | 89.6 | 85.6 | 87.9 | 86.9 | 84 | 86.5 | 86.4 | 88.7 | 89.5 | 87.9 | 89.9 | 91.3 | 91.6 | 92.1 | 88.8 | 86.9 | 88.4 | 86.9 | 88.9 | 88.2 | 87.1 | 88.4 | |
| Saxony3 | ||||||||||||||||||||||||||||||||||||||
| Saxony: business climate | 92.4 | 93.3 | 91.7 | 89.2 | 89.8 | 91.4 | 91.8 | 92.4 | 92.1 | 92.1 | 91.5 | 91.3 | 91.6 | 91.1 | 90.8 | 92.5 | 90.3 | 91.9 | 91.2 | 88.6 | 89.4 | 90.9 | 90.3 | 93.1 | 89.9 | 92.4 | 94.7 | 94.8 | 95.3 | 91.8 | 90.4 | 91.5 | 91.3 | 92.8 | 91.4 | 88.7 | 91.3 | |
| Saxony: current business situation | 94.1 | 95.2 | 94.4 | 92.4 | 92.5 | 93.8 | 93.2 | 91.9 | 90.9 | 92.2 | 90.3 | 89.8 | 90.6 | 91.7 | 92.3 | 92.8 | 94 | 93.2 | 93.6 | 91.9 | 89.5 | 91.8 | 89.8 | 91.1 | 90.6 | 93.2 | 96.5 | 96.4 | 98.6 | 94.6 | 92.5 | 93.6 | 93.8 | 95.3 | 93.4 | 92.8 | 95 | |
| Saxony: business expectations | 90.7 | 91.5 | 89 | 86.1 | 87.2 | 89.2 | 90.5 | 92.8 | 93.2 | 92 | 92.7 | 92.9 | 92.5 | 90.6 | 89.4 | 92.1 | 86.7 | 90.6 | 88.9 | 85.4 | 89.4 | 89.9 | 90.8 | 95.2 | 89.1 | 91.6 | 92.9 | 93.2 | 92.2 | 89 | 88.4 | 89.3 | 88.9 | 90.4 | 89.4 | 84.8 | 87.7 | |
| North Rhine-Westphalia6 | ||||||||||||||||||||||||||||||||||||||
| Overall economy: business climate | -4.38 | -11.93 | -17.16 | -16.86 | -17.43 | -14.46 | -8.31 | -7.97 | -10.99 | -10.88 | -10.08 | -7.91 | -7.41 | -7.45 | -8.48 | -11.15 | -11.15 | -12.54 | -15.31 | -15 | -15.79 | -12.38 | -11.24 | -13.03 | -10.5 | -7.27 | -8.69 | -5.5 | -3.79 | -6.79 | -12.66 | -12.11 | -10.01 | -7.51 | -11.02 | -11.26 | -12.95 | |
| Overall economy: current business situation | -0.89 | -7.22 | -10.66 | -10 | -11.12 | -11.63 | -7.52 | -9.1 | -11.74 | -12.29 | -12.23 | -7.31 | -7.89 | -7.38 | -8.5 | -9 | -6.83 | -11 | -12.43 | -11.18 | -12.02 | -10.29 | -8.31 | -9.23 | -5.89 | -4.03 | -3.86 | -0.92 | -0.28 | -1.55 | -4.8 | -2.1 | -2.94 | -0.37 | -1.31 | -3.15 | -1.06 | |
| Overall economy: business expectations | -7.8 | -16.52 | -23.43 | -23.47 | -23.53 | -17.25 | -9.1 | -6.83 | -10.23 | -9.46 | -7.92 | -8.51 | -6.93 | -7.52 | -8.46 | -13.28 | -15.37 | -14.08 | -18.13 | -18.75 | -19.48 | -14.44 | -14.13 | -16.75 | -15 | -10.46 | -13.41 | -9.98 | -7.24 | -11.89 | -20.2 | -21.61 | -16.84 | -14.4 | -20.26 | -19.05 | -24.13 | |
| Trade and industry: business climate | -9.96 | -17.52 | -20.99 | -24.04 | -23.58 | -20.3 | -13.72 | -15.83 | -20.84 | -20.43 | -17.98 | -15.32 | -15.08 | -15.39 | -18.25 | -17.3 | -19.62 | -20.05 | -26.23 | -26.57 | -26.59 | -24.48 | -25.36 | -27.04 | -23.94 | -20.26 | -20.3 | -13.67 | -15.18 | -17.86 | -27.46 | -22.64 | -23.37 | -21.56 | -24.55 | -24.39 | -22.63 | |
| Trade and industry: current business situation | -9.29 | -16.29 | -15.81 | -17.01 | -19.18 | -20.79 | -18.34 | -21.22 | -25.44 | -26.16 | -26.04 | -19.74 | -21.29 | -19.9 | -23.21 | -21.01 | -20.51 | -24.27 | -28.54 | -27.02 | -28.8 | -28.16 | -29.84 | -30.94 | -25.29 | -23.73 | -21.37 | -15.21 | -15.79 | -14.99 | -23.02 | -16.22 | -18.99 | -14.97 | -17.84 | -17.14 | -9.9 | |
| Trade and industry: business expectations | -10.62 | -18.74 | -26.02 | -30.8 | -27.87 | -19.81 | -8.99 | -10.28 | -16.13 | -14.51 | -9.56 | -10.78 | -8.64 | -10.77 | -13.16 | -13.5 | -18.73 | -15.73 | -23.9 | -26.11 | -24.35 | -20.72 | -20.75 | -23.05 | -22.57 | -16.73 | -19.23 | -12.12 | -14.58 | -20.68 | -31.8 | -28.84 | -27.63 | -27.93 | -31.01 | -31.35 | -34.51 |
Latest reading
Eastern Germany: business climate stood at 89.8 in Aug 2026. That is +0.8% from Jul 2026 and +0.8% from a year earlier. The series on this page is monthly and runs from Jan 2005 to Aug 2026. Source: ifo Institute and NRW.BANK.
- Latest
- 89.8
- Aug 2026
- vs previous period
- +0.8%
- Jul 2026
- vs a year earlier
- +0.8%
About this data
The ifo business climate survey read regionally: the balance of assessments of the current situation and of expectations for Eastern Germany, for Saxony and for North Rhine-Westphalia. The three regional panels use the same balance method as the national ifo index, so they can be compared directly with it and with each other.
