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German Export Expectations Pick Up

Summary:
Ifo Export Expectations - Results of the ifo Business Survey for September 2017 Press Release for ifo Export Expectations (PDF, 67 KB) The ifo Export Expectations rose from 18.2 balance points in August to 18.7 balance points in September. The strong euro failed to dampen exporters’ spirits. The Eurozone remains the key driver of German exports. Export expectations improved in nearly all of the key branches of German manufacturing. Companies from metal production and processing expect their international business to improve significantly. In the glass and ceramics segment the indicator even hit a new record high. The only sector to experience a clear setback was car manufacturing,

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

The ifo Export Expectations rose from 18.2 balance points in August to 18.7 balance points in September. The strong euro failed to dampen exporters’ spirits. The Eurozone remains the key driver of German exports.

Export expectations improved in nearly all of the key branches of German manufacturing. Companies from metal production and processing expect their international business to improve significantly. In the glass and ceramics segment the indicator even hit a new record high. The only sector to experience a clear setback was car manufacturing, where survey participants see virtually no chance of higher exports at the moment. 

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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