In January 2022, the seasonally adjusted balance value for export expectations in the German manufacturing sector was 17.4 points. This indicates that German companies expect an increase in manufacturing exports. For context though, this increases comes after declines down to -0.2 points in November 2020 and -47.8 points in April 2020, suggesting the expected increase relates to the reopening of certain economic sectors following the coronavirus pandemic.
Monthly balance values of the ifo export expectations for the German manufacturing sector from January 2020 to January 2022
(seasonally adjusted)
The CESifo Group consists of the Center for Economic Studies (CES), the Ifo Institute for Economic Research and the CESifo GmbH (Munich Society for the Promotion of Economic Research).
The balance is derived from the ifo Business Survey, which is based on about 7,000 monthly reports from companies in manufacturing, construction, wholesale and retail. Companies are asked to evaluate their current business situation and describe their expectations for the coming six months. Companies can rate their current situation as "good", "satisfactory" or "poor" and their expectations for the next six months as "more favorable", "unchanged" or "less favorable". The balance value of the present business situation is the difference between the percentages of the ratings "good" and "poor", the balance value of the expectations is the difference between the percentages between ratings "more favorable" und "less favorable".
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ifo Institut. (January 26, 2022). Monthly balance values of the ifo export expectations for the German manufacturing sector from January 2020 to January 2022 (seasonally adjusted) [Graph]. In Statista. Retrieved May 21, 2022, from https://www.statista.com/statistics/1035919/ifo-german-export-expectations-for-manufacturing/
ifo Institut. "Monthly balance values of the ifo export expectations for the German manufacturing sector from January 2020 to January 2022 (seasonally adjusted)." Chart. January 26, 2022. Statista. Accessed May 21, 2022. https://www.statista.com/statistics/1035919/ifo-german-export-expectations-for-manufacturing/
ifo Institut. (2022). Monthly balance values of the ifo export expectations for the German manufacturing sector from January 2020 to January 2022 (seasonally adjusted). Statista. Statista Inc.. Accessed: May 21, 2022. https://www.statista.com/statistics/1035919/ifo-german-export-expectations-for-manufacturing/
ifo Institut. "Monthly Balance Values of The Ifo Export Expectations for The German Manufacturing Sector from January 2020 to January 2022 (Seasonally Adjusted)." Statista, Statista Inc., 26 Jan 2022, https://www.statista.com/statistics/1035919/ifo-german-export-expectations-for-manufacturing/
ifo Institut, Monthly balance values of the ifo export expectations for the German manufacturing sector from January 2020 to January 2022 (seasonally adjusted) Statista, https://www.statista.com/statistics/1035919/ifo-german-export-expectations-for-manufacturing/ (last visited May 21, 2022)
