ifo Export Expectations Recover (April 2022)
After collapsing in March, sentiment among German exporters has recovered somewhat. The ifo Export Expectations rose from minus 2.9 in March to plus 3.5 points in April. Despite high uncertainty and logistics problems, there are currently signs of a stabilization of export sentiments.
The electrical and electronics industry saw export expectations rise again, as many companies expect export revenue to increase. Confidence also returned to the manufacturers of machinery and equipment. The chemical industry remains skeptical, and does not expect any growth in exports. The same applies to manufacturers of rubber and plastic goods. Companies in the automotive industry continue to anticipate declining exports, and furniture manufacturers are also pessimistic in their export outlook.
Clemens Fuest
President of the ifo Institute
