Ifo Export Expectations Fall (May 2023)
May 26, 2023
May 26, 2023
MUNICH, Germany, May 26 (TNStalk) -- ifo Institute issued the following statement on May 25, 2023, by President Clemens Fuest:
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Sentiment in the German export industry is markedly worse. The ifo Export Expectations fell to plus 1.8 points in May, down from plus 6.5 points in April. This is the lowest level since November 2022.
"Global interest rate hikes are slowly having an effect on demand," says Klaus Wohlrabe, Head of Surveys at ifo. &quo . . .
* * *
Sentiment in the German export industry is markedly worse. The ifo Export Expectations fell to plus 1.8 points in May, down from plus 6.5 points in April. This is the lowest level since November 2022.
"Global interest rate hikes are slowly having an effect on demand," says Klaus Wohlrabe, Head of Surveys at ifo. &quo . . .