Business Climate in Germany Falls to a Record Low for Solo Self-Employed Persons and Microenterprises

The business climate for microenterprises and solo self-employed persons in Germany is markedly worse, according to the latest index for this segment (“Jimdo-ifo Business Climate Index”). It plunged to minus 12.1 points (not seasonally adjusted) in July, down from minus 1.1 points in June. “Solo self-employed persons cannot escape the negative pull of the overall economy,” says Klaus Wohlrabe, Head of Surveys at ifo. “Pessimism is increasingly making inroads here as well.”