German export outlook boosted by cheap Euro

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Expectations for German exports improved for the third month in a row, providing a potential boost for German economic growth in 2015.

The index for export expectation, based on reports from 2700 exporting companies in Germany, has increased from 6.3 to 7 points MoM in December.

“The declining exchange rate of the Euro benefits the German export sector. Yet again, economy recovery in Germany is driven by exports” comments ifo president Hans Werner Sinn.

While the ifo index for export expectations has improved consistently over the past three months, it is still much lower compared to the 15.9 points seen at the beginning of 2014.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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