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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The mood amongst German exporters brightened further in April, rising to the highest level in over a decade as the continued strength of the global manufacturing sector is underpinning sales, the Munich-based Ifo Institute said Tuesday.
"The pandemic is barely having an effect on manufacturing. This is clearly driving demand for German exports," the Ifo survey said.
Th Ifo Export Expectations index rose to 24.6 in April, up from 23.8 in March to 24.6 points -- the highest level since January 2011. The increase in sentiment was broad-based with almost all industries recording gains. The electrical and electronics sectors, as well as machinery and equipment industries, were extremely optimistic. Only the clothing and vehicle construction sector remain subdued with exports expected to drop.
Source: Ifo
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.