Germany's export expectations fell to -7.3 in January: ifo

Mohammad Swaif Ullah

Germany’s export expectations dropped to -7.3 points in January, down from -6.1 points in December, according to the ifo Institute for economic research, an institution based in Munich. The latest data signals a continued decline in export outlook, as manufacturing companies anticipate weaker international demand.

Most industries anticipate a decline in international sales, including textile manufacturers (-6 points), apparel manufacturers (-20.8 points), and leather product manufacturers (-40.5 points). Meanwhile, companies in the chemical industry expect business to remain stable, ifo said in a press release.

“The start to the year in export business was sobering. The positive momentum abroad has so far had no significant impact on domestic exporters. The potential tariff threats from the new Trump administration are dragging sentiment down,” said Klaus Wohlrabe, head of surveys at ifo.