Service Sector: Business Outlook Grow More Favourable

The Ifo Business Climate for the Services Sector (excl. distribution, financial services, leasing, insurance and government) improved in September. Service providers assessed their current business situation less favourably. However, a slightly greater number expect an increase in sales in the near future and expressed greater confidence about their six-month business outlook for the third time in succession. They plan to recruit a slightly lower number of new staff.