ifo Export Expectations Rise (September 2021)
Sentiment in the German export industry has improved. In September, the ifo Export Expectations rose to 21.0 points from 17.0 points in August (seasonally adjusted). German industrial exports are proving surprisingly resilient in the face of the procurement crisis for raw materials and intermediate products.
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Export expectations climbed in almost all sectors. The largest increase was in the automotive sector, which expects significant growth in international sales. The situation is similar for the electrical and electronics industry. In the chemical industry, the indicator rose to its highest level since November 2010. By contrast, sentiment among manufacturers of machinery and equipment cooled somewhat, but they still expect sales to increase. Only the textile industry is currently expecting a decline in export figures.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 09/20 | 10/20 | 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | 08/21 | 09/21 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
