“Business in the IT and telecommunications sector is going well for most companies, but so far there is a lack of confidence that this will continue until the end of the year. Much now depends on the German government reducing burdens and regulation and presenting an ambitious modernization agenda,” says Bitkom President Dr Ralf Wintergerst.
Compared to the economy as a whole, the digital economy is more confident. By way of comparison, the ifo Institute reports a business climate for the economy as a whole that remains below the zero line at -5.5 points. The business situation was assessed at -3.1 points, the same as in the previous month, when it stood at -3.0 points. Business expectations in the economy as a whole improved slightly and stood at -7.8 points in August after -9.7 points in July.
Methodological note
The digital index is based on the monthly ifo Business Survey and is calculated from the geometric mean of the business situation index and the business expectations index. It takes into account data from the digital sector, which is made up of companies from the manufacturing, trade and service sectors. This includes manufacturers of IT and communication technology, consumer electronics, providers of software and IT services, telecommunications services as well as wholesalers and retailers of ITC. The index is presented as a balance (seasonally adjusted).
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Further links
👉 www.bitkom.org
Graphic: Bitkom
