Services: Climate Indicator Reaches an All-time High

In the service sector many companies reported a positive business situation, so that the highest level since the survey began in 2005 has been reached. In addition, confidence with regard to the business outlook increased. Overall a new record high in the business climate indicator has been reached. The positive assessments with regard to demand development in recent months increased, also in a 12-month comparison. With regard to future demand trends, the survey participants see additional potential. Their personnel policy is expected to be more expansive.