Significant deterioration recorded in the current month of business expectations export her Germanyaccording to an IFO survey.
Specifically, the expectations of German exporters fell to -9.8 points in April from -2.3 points in March. This is the lowest level since May 2020. “The US tariff dispute has hoped for an export economy recovery,” says Klaus Wohlrabe, head of IFO research. “The high level of uncertainty about the actual development of duties may further aggravate the situation.”
Export expectations have declined significantly in the majority of sectors. The hopes of automakers for recovery were denied. Exports are now expected to be reduced.
The same is true of the chemical industry, engineering and furniture industry. In the metal sector, the prospects were already ominous and could not improve this month. Printers, paper industry and electrical equipment manufacturers expect exports to remain unchanged. Only drink manufacturers expect a significant increase in sales abroad.