ifo Export Expectations Rise Considerably (March 2021)
A feeling of great optimism is emerging among German exporters. In March, the ifo Export Expectations in manufacturing rose from 11.9 points to 24.9 points – its highest level since January 2011. The export industry is benefiting from strong economic activity in Asia and the US. Momentum is slowly picking up again in the euro area, too.
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Export expectations improved in almost all branches of industry. The electronics industry is hopeful of a significant increase in orders from abroad. Manufacturers of machinery and equipment share the same sentiment, with their indicator climbing to its highest level since November 2017. The automotive sector also remains optimistic. As for the furniture industry, hope is now growing again after two months of an appreciably more pessimistic outlook. By contrast, companies that manufacture clothing and footwear are expecting sales to decline.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 03/20 | 04/20 | 05/20 | 06/20 | 07/20 | 08/20 | 09/20 | 10/20 | 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
