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Germany: Ifo, export expectations much worse

Rising infection numbers are cause for increasing concern

27 October, 11:13
(ANSA) - BELGRADE, 27 OTT - Optimism among exporters in Germany has suffered a setback, with the ifo Export Expectations index in manufacturing falling from 10.3 points to 6.6 points in October. "Rising infection numbers around the world are cause for increasing concern in the export industry," the ifo institute said.

Expectations are worsening in particular in the food and beverage industry and among manufacturers of textiles and clothing. In contrast, expectations among manufacturers of electronic and optical devices and in the chemical industry are climbing, Ifo noted. (ANSA).

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