ifo Export Expectations

Germany: Upswing in ifo Export Expectations (February 2021)

Sentiment among German exporters has improved noticeably. In February, the ifo Export Expectations in manufacturing rose from 7.5 points to 10.7 points. This is its highest value since September 2018. China’s good economic situation and an increase in US production are helping German exporters.


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The chemical industry expects significant export growth, as do manufacturers of machinery and equipment. Automotive manufacturers have put a three-month lull behind them and are once again expecting more orders from abroad. Export expectations among manufacturers of electrical equipment rose to their highest level since February 2018. However, the furniture and clothing industries still face difficulties in the international market, with companies expecting a significant decline in sales.

Clemens Fuest
President of the ifo Institute

 

Germany: Upswing in ifo Export Expectations (February 2021)

ifo Export Expectations for Manufacturing

(Balances, seasonally adjusted)

  02/20 03/20 04/20 05/20 06/20 07/20 08/20 09/20 10/20 11/20 12/20 01/21 02/21
Expectations -2.1 -17.0 -48.4 -25.4 -1.4 8.1 5.1 9.3 5.9 -0.4 2.5 7.5 10.7

Source: ifo Business Survey.
© ifo Institute

Contact
Dr. Klaus Wohlrabe

Dr. Klaus Wohlrabe

Deputy Director of the ifo Center for Macroeconomics and Surveys and Head of Surveys
Tel
+49(0)89/9224-1229
Fax
+49(0)89/9224-1463
Mail
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