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Your search for Klaus Wohlrabe had the following results: 55 hits
ifo Business Survey — 21 August 2023

New Record Low in Orders for German Residential Construction

The slump in residential construction in Germany continues. In July, 40.3% of companies complained of a lack of orders, up from 34.5% in June. A year ago, the proportion was 10.8%. These findings are from the ifo Institute’s latest survey. “A storm is brewing. Following many years of expansion, now higher interest rates and the drastic rise in construction costs are choking off new business,” says Klaus Wohlrabe, Head of Surveys at ifo.

ifo Business Survey — 8 August 2023

Material Shortages Continue to Ease in German Manufacturing

German manufacturing is facing fewer and fewer problems with material shortages. In July, 29.5% of the companies surveyed reported shortages, down from 31.9% in June. “The situation has been easing steadily for more than a year,” says Klaus Wohlrabe, Head of Surveys at ifo, “although bottlenecks still exist for some electronic components.”

ifo Employment Barometer — 27 July 2023

ifo Employment Barometer Falls (July 2023)

The willingness among companies in Germany to hire new staff has declined sharply. The ifo Employment Barometer fell to 97.1 points in July, down from 98.3 points in June. “At present, positive and negative responses balance each other out exactly,” says Klaus Wohlrabe, Head of Surveys at ifo. “Virtually all industries are becoming more cautious about taking on new hires.”

ifo Export Expectations — 26 July 2023

Germany’s Export Expectations Dip Slightly (July 2023)

Sentiment in the German export industry has deteriorated slightly. The ifo Export Expectations slipped to -6.0 points in July, down from -5.9 points in June. “Demand from abroad is developing rather weakly,” says Klaus Wohlrabe, Head of Surveys at ifo. “This is also the result of restrictive monetary policy in the US and Europe, the effects of which are gradually being felt.”

ifo Business Survey — 6 July 2023

Material Shortages Ease in German Manufacturing

German manufacturing is seeing fewer material shortages. In June, 31.9% of the companies surveyed reported shortages, down from 35.3% in May. However, this is still much higher than the long-term average of 15.2%. “Unfortunately, the easing does little to counteract the darkening mood in manufacturing,” says Klaus Wohlrabe, Head of Surveys at ifo. “Companies can process their existing orders faster, but they are currently receiving too few new ones.”

ifo Employment Barometer — 29 June 2023

ifo Employment Barometer Rises Slightly (June 2023)

The willingness among companies in Germany to hire new staff has improved slightly. The ifo Employment Barometer rose to 98.4 points in June, up from 98.2 points in May. “But in manufacturing in particular, the sector’s budding pessimism is reflected in its cautious personnel planning,” says Klaus Wohlrabe, Head of Surveys at ifo. “Only service providers continue to consider hiring new people.”

ifo Export Expectations — 27 June 2023

ifo Export Expectations Fall (June 2023)

Sentiment in the German export industry has deteriorated noticeably. The ifo Export Expectations fell to -5.6 points in June, down from +1.0 points in May. This is the lowest level since November 2022. “In addition to weak demand on the German domestic market, we’re now also seeing fewer orders from abroad,” says Klaus Wohlrabe, Head of Surveys at ifo. “This is bad news for Germany’s export economy.”

ifo Business Survey — 6 June 2023

Material Shortages Ease in German Manufacturing

German manufacturing is seeing fewer material shortages. In May, 35.3% of the companies surveyed reported shortages, down from 39.2% in April. “The easing provides a little relief to Germany’s manufacturers as they deal with the difficulties of the current economic situation,” says Klaus Wohlrabe, Head of Surveys at ifo. “They can process existing orders more quickly, thus sustaining production. At present, the companies surveyed have an order backlog equivalent to 4.3 months of production – much more than the long-term average of 2.9 months. The decline in orders is therefore not yet having too great an impact.” 

ifo Employment Barometer — 30 May 2023

ifo Employment Barometer Falls (May 2023)

The willingness among companies in Germany to hire new staff has declined. The ifo Employment Barometer fell to 98.3 points in May, down from 100.2 points in April. “Fewer new orders and rising uncertainty are causing restraint among companies,” says Klaus Wohlrabe, Head of Surveys at ifo. “Caution is also on the rise in the service sector, which until recently had been more positively inclined.”

ifo Export Expectations — 25 May 2023

ifo Export Expectations Fall (May 2023)

Sentiment in the German export industry is markedly worse. The ifo Export Expectations fell to +1.8 points in May, down from +6.5 points in April. This is the lowest level since November 2022. “Global interest rate hikes are slowly having an effect on demand,” says Klaus Wohlrabe, Head of Surveys at ifo. “The German export economy lacks momentum.”

ifo Business Survey — 3 May 2023

Material Shortages Ease in German Manufacturing

German manufacturers are having an easier time sourcing raw materials and intermediate products. In April, 39.2% of the companies surveyed reported problems, down from 41.6% in March. “That’s good news for the sector, not least because it marks a rise in new orders,” says Klaus Wohlrabe, Head of Surveys at ifo. “But the companies would surely have also been delighted if the situation had eased even more.” 

ifo Employment Barometer — 26 April 2023

ifo Employment Barometer Rises (April 2023)

Companies in Germany are more willing to hire new staff. The ifo Employment Barometer rose to 100.2 points in April, up from 99.9 points in March. “Employment is continuing to grow, although that growth is slowing, partly because of the shrinking population,” says Klaus Wohlrabe, Head of Surveys at ifo. “The drivers of employment growth in Germany are the service providers.”

ifo Export Expectations — 25 April 2023

Upswing in German ifo Export Expectations (April 2023)

Sentiment among German exporters has improved noticeably. The ifo Export Expectations for manufacturing companies rose to +6.9 points in April, up from +4.1 points in March. This is its highest level since February 2022. “Robust economic development in the US and the encouraging trend in China are increasing demand for German exports,” says Klaus Wohlrabe, Head of Surveys at ifo. “After a weak start to the year, exports have been able to grow again in the second quarter.”

ifo Employment Barometer — 29 March 2023

ifo Employment Barometer Rises (March 2023)

German companies are once again willing to hire more staff. The ifo Employment Barometer rose to 99.9 points in March, up from 99.4 points in February. “The labor market is proving very robust,” says Klaus Wohlrabe, Head of Surveys at ifo. “Service providers in particular are looking for new employees.”

ifo Export Expectations — 28 March 2023

ifo Export Expectations Brighter (March 2023)

Sentiment among German exporters has brightened somewhat. The ifo Export Expectations rose to 4.0 points in March, up from 3.5 points in February. “Export demand still lacks some momentum,” says Klaus Wohlrabe, Head of Surveys at ifo. “Global economic development is rather subdued.”