ifo Export Expectations Rise (November 2021)
Sentiment in the German export industry has improved. In November, the ifo Export Expectations rose to 15.8 points, up from 13.1 points in October, having stood at 20.6 points in September (seasonally adjusted). Despite supply problems for intermediate products and raw materials, the German export industry is in a robust position.
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The automotive industry is expecting significant growth in international business. The same goes for manufacturers of electrical equipment. Among manufacturers of machinery and equipment, expectations slipped slightly but are still at a good level. Food and beverage manufacturers are cautiously optimistic about winning additional export orders. Only printing companies are expecting a decline in exports.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | 08/21 | 09/21 | 10/21 | 11/21 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
