NRW.BANK: North Rhine-Westphalia ifo business climate index rises 2.3 points to -2.1 in September

• NRW.BANK’s September ifo business climate index for North Rhine-Westphalia rose 2.3 points to -2.1, marking a third straight gain.
• Expectations drove the improvement, rising 4.1 points to -3.8, the strongest reading in more than four years.
• Current conditions edged up 0.5 point to -0.4, signaling only a modest improvement in assessed present activity.
• Trade showed the sharpest rebound, with the sector index up 6.3 points to -12.4, though retailers stayed cautious amid inflation.
• Construction improved 4.8 points to -7.5; services returned to positive territory at 0.1; manufacturing rose to -1.6 despite weaker autos.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NRW Bank published the original content used to generate this news brief on October 02, 2026, and is solely responsible for the information contained therein.