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LONDON (MNI)
German exporters are more optimistic in March with expectations rising to the highest level since January 2011, the Ifo Institute said Monday, as strong activity overseas and growing momentum in the euro area boosted the outlook.
Ifo's export expectations index rose to 24.9 in March, up from 11.9 seen in February, boosted mainly by strong economic activity in China and the US. Manufacturers of machinery and equipment saw sentiment at their highest since November 2017 and the electronics industry expects more orders from abroad. While the automotive sector remains optimistic, clothing and footwear producers forecast sales to decrease.
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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