Abstract
ABSTRACT This study identifies day-of-the-week effects in business surveys using monthly data from the ifo Institute in Germany. Companies are more likely to exhibit pessimistic business expectations for the upcoming months on Mondays and optimistic expectations towards the end of the week. This pattern also applies to the assessment of the current business situation. Moreover, firms exhibit greater uncertainty regarding their upcoming business development on Mondays, with this uncertainty decreasing by Saturday. These effects are primarily observed in firms from the service sector and companies with fewer than 50 employees. Although the effects are statistically significant, they are, from an economic standpoint, rather minor.
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