Pessimism among German exporters eases with economy past trough
by Bloomberg May 26, 2020
Confidence among German exporters improved in May after officials within the country and around the world eased lockdown measures.
An Ifo gauge measuring trade expectations among manufacturers jumped by a record but remained below zero, indicating that pessimism receded even though it was still the prevailing sentiment. Companies in nearly all sectors continue to see declining exports, according to a survey of some 2,300 firms.
Carmakers reported the biggest jump in expectations, while pessimism also eased significantly in the electronics industry.
Germany’s export-heavy economy has suffered less from the implications of the coronavirus pandemic than its European services-reliant peers. The Bundesbank predicts a recovery should start in the current quarter as shops and factories reopen. Still, output is shrink more than 6% this year.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Joint Statement of the Minerals Security Partnership Principals’ Meeting 2024
The text of the following statement was released by the Governments of the Republic of Korea and Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, Sweden, the United…
View Article
VW and Groundhog Day
View ArticleStrengthening supply chains: TIA celebrates passage of CTPAT Pilot Program Act
The Transportation Intermediaries Association (TIA) - the only organization exclusively representing transportation intermediaries of all disciplines doing business in domestic and international commerce –announces the successful passage of S. 794,…
View ArticleUS and Ecuador convene meeting of the Trade and Environment Committee under U.S.-Ecuador Trade and Investment Council
The Committee, chaired by Assistant United States Trade Representative for Environment and Natural Resources Kelly Milton, exchanged views and priorities regarding trade and environment policies, including addressing the climate crisis,…
View Article
Biden-Harris Administration awards almost $5 million to small businesses to bring new CHIPS Technology to the commercial market
View ArticleNew US Government regulation on imports ‘will not put e-commerce genie back in the bottle’
The Biden administration is moving to curb low-value shipments entering the US duty-free under the $800 ‘de minimis’ threshold, which it says has been abused by Chinese e-commerce platforms such…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
