German Export Expectations Fall (April 2024)
Sentiment in the German export industry has clouded over a little. The ifo Export Expectations fell to -2.0 points in April, down from -1.2 points in March. “The mood is somewhat subdued,” says Klaus Wohlrabe, Head of Surveys at ifo. “The export economy lacks momentum at present. While the global economy offers many good prospects for growth, these aren’t yet being reflected in additional orders.”
Nonetheless, computer manufacturers are expecting a significant increase in export business, as are manufacturers of furniture and of glass and ceramics. The food industry suffered a noticeable setback; here, the previous month’s optimistic expectations didn’t pan out. The same applies to the automotive industry. Manufacturers of machinery and equipment are seeing a steady rise in exports, while the textile industry, printers, and basic metals manufacturers are expecting them to decline.
