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German Manufacturers’ Export Expectations Continue to Climb

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Ifo Export Expectations - Results of the Ifo Business Survey for October 2016 Oct 26, 2016 German manufacturers are expecting a significant rise in the number of orders from abroad. Their export expectations rose from 8.8 balance points in September to 14.1 balance points in October, marking their sharpest upturn since February 2013. German exporters are increasingly benefiting from the brighter world economic situation. The automotive industry was the main driver behind brighter expectations, with manufacturers expecting strong stimuli from abroad. The same picture was seen in electrical goods manufacturing. The chemical industry also reported an upturn in orders. Mechanical engineers, by contrast, only expect to see moderate growth in their foreign business.

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Ifo Export Expectations - Results of the Ifo Business Survey for October 2016

Oct 26, 2016

German manufacturers are expecting a significant rise in the number of orders from abroad. Their export expectations rose from 8.8 balance points in September to 14.1 balance points in October, marking their sharpest upturn since February 2013. German exporters are increasingly benefiting from the brighter world economic situation.

The automotive industry was the main driver behind brighter expectations, with manufacturers expecting strong stimuli from abroad. The same picture was seen in electrical goods manufacturing. The chemical industry also reported an upturn in orders. Mechanical engineers, by contrast, only expect to see moderate growth in their foreign business.  

Clemens Fuest, President of the Ifo Institute

Clemens Fuest
Clemens Fuest took over from Hans Werner Sinn as chairman of the IFO Institute in April 2016. He is professor at the Faculty of Economics of the University of Munich.

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