Ifo Institute: the mood among German exporters rises

Under the German exporters is growing to the ifo Institute, according to cautious optimism. The export expectations of the industry increased in July from minus

Ifo Institute: the mood among German exporters rises

Under the German exporters is growing to the ifo Institute, according to cautious optimism. The export expectations of the industry increased in July from minus 2.2 to plus 6.9 points, according to the Institute on Tuesday. The recovery of the economy in many countries is of benefit to the German export economy.

One of the biggest winners in the auto industry. After a very difficult few months, the export is likely to start up business there again, predicted the Institute. Also in the electrical industry, the Confidence had returned.

the same is true for the chemical industry. In mechanical engineering from the pessimism has decreased significantly, increasing revenues, but would not expected. Continues to be difficult, the export market for garment and leather goods industry.

Updated Date: 28 July 2020, 03:20

You need to login to comment.

Please register or login.

RELATED NEWS