German Digital Index Shows Business Climate in Tech Sector
The German Digital Index, a key indicator of the business climate in the digital sector, has been released. It considers data from various sub-sectors and is weighted by the number of employees in my business. The index is calculated using the ifo business climate survey and is displayed as a seasonally adjusted balance.
The Digital Index includes companies from technology-focused indices like the TecDAX, which lists 30 leading German technology companies. However, the exact list of companies in the Digital Index is not specified. The index is calculated as the geometric mean of business situation and business expectations, providing a comprehensive view of the sector's health.
The digital sector covered by the index is broad, encompassing IT and communication technology manufacturers, consumer electronics, software and IT services, telecommunications services, and ITK wholesale and retail trade. This wide scope allows the Digital Index to reflect the overall business climate in the digital sector, making it a valuable tool for tracking the industry's performance.
The Digital Index, weighted by the number of employees and based on the ifo business climate survey, offers insights into the German digital sector's business climate. By considering a wide range of sub-sectors, it provides a holistic view of the industry's performance, making it a crucial indicator for stakeholders and policymakers.
