ifo Export Expectations Rise (November 2022)
Sentiment among German exporters has improved. The ifo Export Expectations rose to plus 0.4 points in November, up from minus 4.6 points in October. At present, positive and negative assessments are roughly in balance. Small glimmers of hope are emerging for the German export industry.
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After a damper in the previous month, the automotive industry is again expecting exports to grow. By contrast, manufacturers of machinery and equipment and companies in the electrical industry expect hardly any further impetus from international business. Beverage producers, the furniture industry, and the chemical industry are expecting declining sales. The current export environment is especially difficult for energy-intensive industries.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 11/21 | 12/21 | 01/22 | 02/22 | 03/22 | 04/22 | 05/22 | 06/22 | 07/22 | 08/22 | 09/22 | 10/22 | 11/22 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
