Press release -
ifo Export Expectations Edge Upward (December 2022)
Sentiment among German exporters has improved slightly. The ifo Export Expectations rose to plus 1.6 points in December, up from plus 0.9 points in November. When it comes to their exports, German manufacturers are cautiously optimistic as they head into the new year.
The automotive industry continues to expect significant growth, albeit slightly less than in the previous month. The electrical industry is increasingly seeing opportunities in international business, as are beverage producers following a setback in November. However, the chemical industry is expecting export sales to decline, as is the metal industry. The furniture industry is also still pessimistic about its business abroad.
Clemens Fuest
President of the ifo Institute
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