Interviews
German textile industry expects export decline in March
27 Mar '24
1 min read
Pic: Adobe Stock
Insights
- Despite a general uplift in sentiment among Germany's exporters, with the ifo export expectations index improving to minus 1.4 in March 2024 from minus 7 in February 2024, the country's textile industry expects a decline in exports.
- This contrasts with other industries where optimism and export volume expectations are significantly higher.
Contrary to the general uplift in sentiment among German exporters, the textile industry anticipates a decrease in exports in March, even as the ifo export expectations index for the country shows a marked improvement.
Rising to minus 1.4 points in March from minus 7 points in February, the index signals a brighter outlook for overall German exports, with expectations of a pickup in world trade in the coming months.
Across other industries, however, there's a significant uptick in optimism, with many expecting export volumes to increase, reflecting the potential for a robust recovery in Germany's export-driven economy, as per the ifo Institute.
Fibre2Fashion News Desk (DP)
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