The euphoria has evaporated a little. According to the Ifo index, the electronics industry in particular is experiencing a significant setback in international business.
German industry’s export expectations continued to fall in August. The Ifo Institute announced on Thursday in Munich that the previously very good mood among exporters had deteriorated noticeably.
The Ifo index of export expectations fell to 16.6 points, from 23.1 in July and 23.9 in June.
The electrical industry had to cope with a significant setback. “However, increasing foreign sales are still expected, albeit less strongly,” said Ifo President Clemens Fuest. The automotive industry, suffering from shortages in semiconductor supply, expects greater dynamism in foreign business.
In the food industry, expectations fell significantly, according to the Ifo. You are more likely to expect stagnating sales. “The same applies to the furniture industry, where the euphoria of the past three months has evaporated,” said Fuest.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
