Economic situation: Ifo: German exporters in a much more positive mood
In August, the corresponding index of the Munich Institute soared to plus 9.6 points, after minus 2.8 points in July. This is the highest value
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Summary
In August, the corresponding index of the Munich Institute soared to plus 9.6 points, after minus 2.8 points in July. “This is the highest since February 2022 and the strongest increase since June 2020,” Ifo said. In February 2022, the Russian full invasion of Ukraine had begun. On Tuesday, the Federal Statistical Office announced that the gross domestic product (GDP) in the second quarter had increased by 0.3 percent despite setbacks as a result of the Iran war in the previous quarter, thus 0.1 points more than initially expected.
Furthermore, Since then, the war has been a massive burden on the export-oriented German economy, including a sharp increase in energy costs. “The export industry is gaining momentum,” said Ifo survey leader Klaus Wohlrabe. “In particular, exports to the EU are booming, while exports to China continue to weaken.” Manufacturers of electrical equipment, data processing equipment and electronic and optical products are particularly optimistic. Even the car industry is optimistic Even the hard-hitting car industry is much more optimistic about its export prospects. According to Ifo, things are worse for the paper industry and for companies in metal production and processing, they expect declining exports.
In addition, Even a currently heavily burdened industry is confident. Growth is mainly due to strong exports as well as high company profits and a revival in construction. © dpa-infocom, dpa:260826-930-583178/1.
Cross-referenced from 5 sources.
Factual coreconfirmed by several independent voices
In August, the corresponding index of the Munich Institute soared to plus 9.6 points, after minus 2.8 points in July. “This is the highest since February 2022 and the strongest increase since June 2020,” Ifo said.
reliability low1/3 sourcesIn February 2022, the Russian full invasion of Ukraine had begun.
reliability low1/3 sourcesOn Tuesday, the Federal Statistical Office announced that the gross domestic product (GDP) in the second quarter had increased by 0.3 percent despite setbacks as a result of the Iran war in the previous quarter, thus 0.1 points more than initially expected.
reliability low1/3 sourcesSince then, the war has been a massive burden on the export-oriented German economy, including a sharp increase in energy costs. “The export industry is gaining momentum,” said Ifo survey leader Klaus Wohlrabe. “In particular, exports to the EU are booming, while exports to China continue to weaken.” Manufacturers of electrical equipment, data processing equipment and electronic and optical products are particularly optimistic.
reliability low1/3 sourcesEven the car industry is optimistic Even the hard-hitting car industry is much more optimistic about its export prospects.
reliability low1/3 sourcesAccording to Ifo, things are worse for the paper industry and for companies in metal production and processing, they expect declining exports.
reliability low1/3 sourcesEven a currently heavily burdened industry is confident
reliability low1/3 sourcesGrowth is mainly due to strong exports as well as high company profits and a revival in construction. © dpa-infocom, dpa:260826-930-583178/1
reliability low1/2 sources
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Growth is mainly due to strong exports as well as high company profits and a revival in construction. © dpa-infocom,..
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