24 October 2012 13:42 [Source: ICIS news]
Munich-based Ifo institute said that its monthly business climate index for
Ifo said that companies again expressed growing dissatisfaction with their current business situation.
In manufacturing, capacity utilisation rates were considerably lower in the third quarter than in the second, Ifo added.
However, manufacturers’ business expectations recovered slightly for the first time in six months and are less pessimistic, Ifo said.
Meanwhile, in building and construction, firms expressed less pessimism about their six-month business outlook, but they were far less satisfied with their current business situation than in September.
Retailers surveyed were much more satisfied with their current business situation, but they expressed greater pessimism about their six-month business outlook than in September.
Wholesalers reported slightly improved expectations, but their assessments of the current business situation cooled down significantly, Ifo said.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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