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Germany: Export Expectations Weaken

Summary:
Ifo Export Expectations - Results of the ifo Business Survey for October 2018 Press Release for ifo Export Expectations (PDF, 65 KB) Sentiment among German exporters weakened markedly this month. The ifo Export Expectations for German industry fell to 11.6 balance points in October from 14.8 balance points in September. German exporters voiced growing concern over the possibility of a hard Brexit. Sentiment also deteriorated in mechanical engineering, metals processing and the foodstuffs industry. The automotive export market remains difficult and manufacturers do not expect an upturn in exports. Chemicals companies, by contrast, anticipate a rise in turnover abroad. The same

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ifo Export Expectations - Results of the ifo Business Survey for October 2018

Sentiment among German exporters weakened markedly this month. The ifo Export Expectations for German industry fell to 11.6 balance points in October from 14.8 balance points in September. German exporters voiced growing concern over the possibility of a hard Brexit.

Sentiment also deteriorated in mechanical engineering, metals processing and the foodstuffs industry. The automotive export market remains difficult and manufacturers do not expect an upturn in exports. Chemicals companies, by contrast, anticipate a rise in turnover abroad. The same applies to manufacturers of electronic and optical equipment. 

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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