ifo Export Expectations
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ifo Export Expectations Fall Slightly (July 2021)
Sentiment among German exporters has worsened somewhat, with the ifo Export Expectations in manufacturing falling to 24.5 points, down from 25.0 points in June. Overall, however, German exports continue to perform very well.
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Almost all industries expect exports to increase. The electrical and electronics industry is expecting significant growth in foreign sales. Manufacturers of machinery and equipment share the same sentiment, as does the food industry. In the metal industry, export expectations continue to decline but still point to growth. The automotive industry expects moderate growth, while the paper industry, on the other hand, suffered a significant setback.
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 07/20 | 08/20 | 09/20 | 10/20 | 11/20 | 12/20 | 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | |
| Expectations |
Source: ifo Business Survey.
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