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Germany: sentiment among exporters worsened
Ifo index felt to -0.7, fears for Coronavirus
25 February, 14:20
(ANSA) - BELGRADE, FEBRUARY 25 - The sentiment among German
exporters has worsened, with the Ifo Export Expectations index
for manufacturing felling to minus 0.7 points in February from
plus 0.8 points in January, the Ifo Institute said today. "In
the short term, developments surrounding the coronavirus leave
little room for improvement," the institute noted.
According to the German institute, the automotive industry in
Germany fears a "more pronounced decline in exports in the
coming months", with skepticism registered also in the chemical
industry and in the mechanical engineering sector. "This month's
bright spots were the food, beverage, and tobacco manufacturers,
who expect significant growth in their exports in the coming
months," Ifo said. (ANSA).
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