In almost all industries there is optimism when it comes to foreign trade. The mood is particularly good in the auto industry.
After a dip in mood in late summer in August, German industry is once again more optimistic about its export opportunities. In the monthly survey by the Ifo Institute, companies’ export expectations rose to 21 points in September.
That was four points more than in August, as the Munich economists announced on Monday. The German industrial exports showed themselves to be “surprisingly robust against the procurement crisis for raw materials and intermediate products,” it said in the announcement.
According to this, companies in almost all industries are more optimistic than they were a month ago. According to Ifo, the greatest growth was in the auto industry, which is therefore expecting a significant increase in foreign sales. According to Ifo, the situation is similar in the electrical industry. In chemistry, the indicator has risen to its highest level since November 2010. According to the index, only the textile industry is currently expecting declining export figures.
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.
