Ifo Business Survey in June 2009

The Ifo Business Climate improved again in June. The improvement was solely the result of the firms' expectations. The pessimism of the survey participants with regard to business in the coming half year continued to weaken. Firms are just as dissatisfied with their current business situation as they were in May, however. There are thus growing indications that economic output is stabilising. Against the background of the considerable degradation in the business situation in the past half year, this can hardly be seen as a turn for the better, however.