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Export Expectations Cloud Over Slightly

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Ifo Export Expectations - Results of the ifo Business Survey for December 2017 Press Release for ifo Export Expectations (PDF, 68 KB) German exporters are slightly less exuberant this month. The ifo Export Expectations fell to 19.9 balance points from 21.0 balance points in November. German manufacturers expect exports to grow strongly in the first quarter of 2018, but at a slightly slower pace than in the fourth quarter of 2017. The euro area remains a key customer for German exporters. All major German manufacturing segments expect exports to grow over the next three months. The record-breaking run in metal product manufacturing continued. The automotive sector is also more

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ifo Export Expectations - Results of the ifo Business Survey for December 2017

German exporters are slightly less exuberant this month. The ifo Export Expectations fell to 19.9 balance points from 21.0 balance points in November. German manufacturers expect exports to grow strongly in the first quarter of 2018, but at a slightly slower pace than in the fourth quarter of 2017. The euro area remains a key customer for German exporters.

All major German manufacturing segments expect exports to grow over the next three months. The record-breaking run in metal product manufacturing continued. The automotive sector is also more optimistic about its foreign business outlook. In mechanical engineering, by contrast, exports dipped after last month’s record high. Electronic and optical machinery manufacturers also reported a small decline in exports. 

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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