The sentiment of exporters in Germany displayed a more positive outlook in December compared to the previous month.
According to the data released by the Economics Research Institute (ifo), the ifo Export Expectations Index rose to 1.6 points from 0.9 points. The previous month’s index was revised to 0.9 points from 0.4 points.
Thus, the index reached the highest level of the last 6 months.
“German manufacturers are entering the new year with cautious optimism,” ifo’s assessment said.
The index reached the highest level with 26.2 in January 2011 and the lowest level with -49.6 in April 2020.
The index has been calculated since January 1991.
foreks.com