By 3.6% declined expectations of export her Germany In August despite the US -EU trade agreement at the end of July 2025 for 15%.
On the contrary, in July 2025, while the US -EU agreement was still pending, the decline in expectations for Germany’s exports was only 0.3%.
“In the area of exports there is frustration,” says Klaus Wohlrabe, head of IFO research. “The 15% duty from the US is smaller than it was scared, but it will slow down export dynamics.”
Food producers suffered a significant blow. The prospects of exports deteriorated significantly. Also, in the field of metal production and processing, businesses expect sales reduction abroad. There are no significant developments in the field of engineering at present. The same is true for data processing equipment manufacturers. In the chemical industry there is a restrained optimism. Businesses expect exports increase. The same is true for the furniture industry as well as for electrical equipment manufacturers.