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ifo Export Expectations — 25 April 2024

Sentiment in the German export industry has clouded over a little. The ifo Export Expectations fell to -2.0 points in April, down from -1.2 points in March. “The mood is somewhat subdued,” says Klaus Wohlrabe, Head of Surveys at ifo. “The export economy lacks momentum at present. While the global economy offers many good prospects for growth, these aren’t yet being reflected in additional orders.”

ifo Export Expectations — 25 March 2024

Sentiment in the German export industry is markedly brighter. The ifo Export Expectations rose to -1.4 points in March, up from -7.0 points in February. “World trade ought to pick up in the months ahead,” says Klaus Wohlrabe, Head of Surveys at ifo, “and German exporters hope to benefit from this.”

ifo Export Expectations — 26 February 2024

Sentiment in the German export industry has brightened somewhat. The ifo Export Expectations rose to -7.0 points in February, up from -8.5 points in January. “The German export economy is hardly benefiting at all from current global economic developments,” says Klaus Wohlrabe, Head of Surveys at ifo. “There’s still a lot of room for improvement.”

ifo Export Expectations — 26 January 2024

Sentiment in the German export industry has clouded over. The ifo Export Expectations fell to -8.4 points in January, down from -7.1 points in December. “The German export economy is off to a worse start in the new year,” says Klaus Wohlrabe, Head of Surveys at ifo. “Exporters need fresh momentum.”

ifo Export Expectations — 19 December 2023

Sentiment in the German export industry has deteriorated. The ifo Export Expectations fell to -6.7 points in December, down from -4.1 points in November. “Seasonal cheer is lacking in the export business,” says Klaus Wohlrabe, Head of Surveys at ifo. “Companies see few encouraging prospects for the start of the year.”

ifo Export Expectations — 27 November 2023

Sentiment in the German export industry has improved. The ifo Export Expectations rose to minus 3.8 points in November, up from minus 6.3 points in October. “However, the export economy still isn’t managing to develop any momentum,” says Klaus Wohlrabe, Head of Surveys at ifo. “German companies have yet to benefit much from the economic upswing in many countries.”

ifo Export Expectations — 26 October 2023

Sentiment in the German export industry has brightened a little. The ifo Export Expectations rose to -6.9 points in October, up from -10.8 points in September. “However, Germany’s export economy is still being rather cautious looking ahead,” says Klaus Wohlrabe, Head of Surveys at ifo. “Many companies are experiencing a drop in competitiveness in international markets.”

ifo Export Expectations — 26 September 2023

Sentiment in the German export industry is markedly worse. The ifo Export Expectations fell to -11.3 points in September, down from -6.5 points in August. “Germany’s export economy is going through a weak phase,” says Klaus Wohlrabe, Head of Surveys at ifo. “Exports to all key regions are currently in decline.”

ifo Export Expectations — 28 August 2023

Sentiment in the German export industry has deteriorated slightly. The ifo Export Expectations fell to -6.3 points in August, down from -6.0 points in July. “German exporters continue to struggle with weak global demand,” says Klaus Wohlrabe, Head of Surveys at ifo. “More and more companies are also complaining about being less able to compete at the global level.”

ifo Export Expectations — 26 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 Export Expectations — 27 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 Export Expectations — 25 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 Export Expectations — 25 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 Export Expectations — 28 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.”

ifo Export Expectations — 23 February 2023

Sentiment among German exporters has worsened somewhat. In February, the ifo Export Expectations slipped to 3.8 points, down from 4.1 points in January. Weak global demand is currently dampening hopes for German exports.

ifo Export Expectations — 26 January 2023

Sentiment among German exporters has become brighter. The ifo Export Expectations rose to plus 4.3 points in January, up from plus 2.0 points in December. German exporters are hoping for new momentum at the beginning of the year.

ifo Export Expectations — 20 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.

ifo Export Expectations — 28 November 2022

Sentiment among German exporters has improved. The ifo Export Expectations rose to plus 0.4 points in November, up from minus 4.6 points in October. At present, positive and negative assessments are roughly in balance. Small glimmers of hope are emerging for the German export industry.

ifo Export Expectations — 26 October 2022

Sentiment among German exporters has improved a bit. The ifo Export Expectations rose to minus 5.3 points in October, up from minus 6.0 points in September. However, the situation for exporters remains difficult, and the high level of uncertainty is causing a reluctance among international customers to place new orders.

ifo Export Expectations — 27 September 2022

Sentiment among German exporters has cooled. The ifo Export Expectations fell to minus 6.0 points in September, down from minus 2.8 points in August. This is its lowest level since May 2020. There is currently no sign of growth in exports and, as the global economy is slowing, there is also no reason to expect any major change in the medium term.