ifo Export Expectations Rise (January 2022)
Sentiment among German exporters has turned considerably brighter at the beginning of the year. The ifo Export Expectations rose to 17.4 points in January, up from 12.9 points in December. German manufacturing is starting the year in a hopeful mood.
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Almost all industries are expecting growth. The only exceptions are textile and clothing manufacturers, printers, and the food industry, which are expecting international sales to contract. By contrast, the electrical and electronics industry and manufacturers of machinery and equipment are expecting significant growth in exports. In the chemical industry, export expectations increased noticeably again after three consecutive declines. A degree of optimism about international business has also returned to the metal industry.
Clemens Fuest
President of the ifo Institute
ifo Export Expectations for Manufacturing
(Balances, seasonally adjusted)
| 01/21 | 02/21 | 03/21 | 04/21 | 05/21 | 06/21 | 07/21 | 08/21 | 09/21 | 10/21 | 11/21 | 12/21 | 01/22 | |
| Expectations |
Source: ifo Business Survey.
© ifo Institute
