Ifo Institute

News aus der Elektroindustrie

German industry is expecting exports to rise, with the stable state of the economy in the United States....................

German industry is expecting exports to rise, with the stable state of the economy in the United States....................

and the enormous devaluation of the euro playing the decisive role.

According to the IFO’s president Sinn exports are the most important pillar of the German economy.

In practically all sectors export expectations have risen, with companies in machine building in particular entering the new year with high hopes. There has also been an increase in new orders from abroad from the metal and pharmaceutical industries.

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The ifo Institute is expecting export growth of 7.4 to 7.7 points for German industry after five drops in succession.

The ifo Institute is expecting export growth of 7.4 to 7.7 points for German industry after five drops in succession.

Along with machine construction expectations of firms from the metal and computer industry are increasingly positive. On the other hand divergent lower export expectations are seen in the chemcial and electrical industry.

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After the breakthrough in the Greek crisis the companies are rating their business prospects more favourably again for the coming half-year.

After the breakthrough in the Greek crisis the companies are rating their business prospects more favourably again for the coming half-year.

The Ifo business climate index rose from 107.5 to 108.0 points in July, with the companies interviewed judging both their current business situation and their prospects better again, according to the Ifo Institute.

After two falls many economists had expected another slight damper. However, exports and the domestic economy continued to go well, and with oil becoming even cheaper the German economy is continuing to recover.

Machine building is going very well, expectations in the chemical industry are rising and the booming building trade is also displaying more optimism. Cheap loans are supporting both company investments and private home builders.

Wage increases and secure jobs are also boosting consumption, with retailers doing better business in July. The only factor clouding expectations is the price war.

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The Ifo -institute in Dresden has recorded the third successive improvement in the business climate in the east of the Republic, revealing that......

The Ifo -institute in Dresden has recorded the third successive improvement in the business climate in the east of the Republic, revealing that......

the satisfaction of East German companies with their current business situation in the present month has increased perceptibly.

Pessimism about the future course of business has also decreased and the positive trend in the East German economy is also accelerating. (The Ifo-institute regularly questions 1,200 companies from industry, the building trade and commerce for the business climate.)

 

 

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