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Germany's export expectations fall to -6.0 points in Sept 2022: Ifo
28 Sep '22
1 min read
Pic: Shutterstock/ michelsass
The projection for Germany’s export industry has dropped to minus 6.0 points in September 2022, which is a further decline from minus 2.8 points in August 2022, according to the Ifo Institute for Economic Research. The expectation for exports is currently at its lowest level since May 2020.
The Ifo Business Survey for September 2022 reveals that there are no signs of development in the exports sector of Germany currently due to the global economic slowdown.
Moreover, any major changes in the medium term are deemed highly unlikely. For many manufacturing industries, expectations regarding exports are negative.
The Ifo Export Expectations take into account 2,300 monthly reports from manufacturers across Germany.
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