Ifo-Institut: Stimmung bei deutschen Exporteuren so gut wie zuletzt Anfang 2022
Die deutsche Exportwirtschaft blickt optimistischer in die Zukunft. Gerade innerhalb der EU hat der Außenhandel wieder angezogen. Der Export in eine Region schwächelt allerdings weiterhin.
The mood among German exporters remains as buoyant as it was early in 2022, according to the latest survey from the Munich Ifo Institute. The business climate index rose sharply to 9.6 points in August, up from -2.8 points in July. This is the highest level since February 2022, when Russia launched its invasion of Ukraine. Klaus Wohlrabe, head of the Ifo survey, said the export sector is gaining momentum, thanks to digitalization and the artificial intelligence boom.
German technology is particularly in demand for building data centers. EU demand for German exports is booming, while exports to China continue to weaken. Manufacturers of electrical equipment, data processing devices, and electronic and optical products remain highly optimistic. Even the struggling automotive industry now looks more positively at its export prospects.
Manufacturers of metal products are also growing more confident. However, exporters of paper and metalworking firms are more cautious. Overall, Germany's exports rose by 2.0 percent in the second quarter compared to the first three months, driven mainly by exports of goods, which increased by 2.6 percent. Exports of services, however, remained flat compared to the previous quarter.
The president of the Federal Statistical Office, Ruth Brand, attributed this growth to robust export performance.
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