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German exporters start year in hopeful mood – Ifo

Randy Mancini 18 Jan 26
The spread of the coronavirus disease (COVID-19) in Germany
FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer

January 26, 2022

BERLIN (Reuters) – The mood among German exporters brightened considerably in January, with almost all industries expecting growth, the Ifo economic institute said on Wednesday.

Ifo’s barometer for export expectations rose to 17.4 points in January, up from 12.9 points in December, hitting its highest level since September last year.

“German manufacturing is starting the year in a hopeful mood,” Ifo President Clemens Fuest said in a statement.

(Writing by Paul Carrel; Editing by Riham Alkousaa)