ifo Export Expectations Rise (January 2023)
Sentiment among German exporters has become brighter. The ifo Export Expectations rose to plus 4.3 points in January, up from plus 2.0 points in December. German exporters are hoping for new momentum at the beginning of the year.
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The food and beverage industry anticipates a significant increase in exports in the months ahead. Optimism has returned to the chemical industry as well. Following six months of pessimism, many companies now expect to be able to increase their exports. The automotive industry, too, expects international sales to rise, albeit to a noticeably lesser extent than in the previous two months. Among manufacturers of machinery and equipment, there are few signs of dynamism at the moment, with companies mostly expecting their export business to hold steady. In the metal industry, companies are bracing for international sales to decline. The same applies to the furniture industry.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 01/22 | 02/22 | 03/22 | 04/22 | 05/22 | 06/22 | 07/22 | 08/22 | 09/22 | 10/22 | 11/22 | 12/22 | 01/23 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
