German exporters optimistic about the future
2022.12.20 03:39
German exporters optimistic about the future
Budrigannews.com – According to a survey conducted by the Ifo economic institute and released on Tuesday, sentiment among German exporters rose for the third month in a row in December, reaching its highest level since June.
According to Ifo President Clemens Fuest, “German manufacturers are cautiously optimistic as they head into the new year when it comes to their exports.”
From 0.9 points in November, the institute’s export expectations indicator increased to 1.6 points in December.
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According to Ifo’s survey of approximately 2,300 businesses, the automotive industry continues to anticipate significant growth, albeit slightly less than in the previous month. On the other hand, the chemical industry anticipates that export sales will decrease.
