German export outlook weakens

As the effect Euro devaluation settled, export forecasts among German businesses have weakened compared to the previous month, the ifo institute reports.

Based on reports among 2700 exporting businesses in Germany, the monthly ifo export outlook index declined from 9.2 to 7.6 basis points compared to the previous month.

ifo president Hans-Werner Sinn stressed that this process is market by significant differences between sectors: “Entrepreneurs in automotive construction, metal processing and the electronics industry anticipate weakened export business throughout the next months while the Chemical, engineering and pharma industry expects stronger profits abroad” he explains.

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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