As of March, 78.6% of companies reported difficulty in assessing their future business prospects, up from 75.4% in February, marking the highest level of uncertainty since February 2024. Klaus Wohlrabe, head of Ifo surveys, noted that the war in Iran has notably impacted business confidence, particularly in the industrial sector, where 87.7% of firms express concern. Energy-intensive industries, such as chemicals and rubber production, exhibit even higher uncertainty levels, at approximately 95% and 93.9%, respectively.