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LONDON (MNI)
German exporters are more optimistic in February with expectations rising to the highest level since September 2018, with even auto manufacturers looking at a pick-up in orders from overseas, Clemens Fuest, head of the Ifo Institute said Tuesday.
Ifo's export expectations index rose to 10.7 in February, up from 7.5 seen in January, boosted mainly by China's economic recovery and by improving US production output. The chemical industry, along with manufacturers of machinery and equipment, project exports to rise sharply in coming months, with the outlook for producers of electrical equipment at the highest level since February 2018.
Source: Ifo institute
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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.
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