# Sentiment among German exporters falls for third month in a row -Ifo
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-08-26
Category: Uncategorized
Category URL: https://financedigest.com/category/uncategorized
Meta Title: German Exporters Face Challenges Amid Global Economic Weakness
Meta Description: German exporters' sentiment falls for the third consecutive month in August due to high gas prices and weak global economic conditions. Challenges
URL: https://financedigest.com/sentiment-among-german-exporters-falls-for-third-month-in-a-row-ifohtml

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BERLIN (Reuters) – Sentiment among German exporters fell for the third month in a row in August as high gas prices and a weak global economic environment weigh on the outlook, said a survey on Friday.

The Ifo institute’s index of exporter expectations fell to -2.7 in August from -0.4 points in July.

While a majority of industries expect a decline in exports, vehicle manufacturers and their suppliers are looking at significant growth. The apparel industry and manufacturing of data processing equipment also foresee more [international sales](https://www.financedigest.com/adnami-appoints-jeetesh-luhar-as-international-sales-director.html "Adnami appoints Jeetesh Luhar as International Sales Director").

Ifo head of surveys Klaus Wohlrabe told Reuters on Thursday that the number of companies complaining about bottlenecks was at 62% in August, the [lowest level](https://www.financedigest.com/ukraine-war-energy-crisis-send-german-business-sentiment-to-lowest-level-since-june-2020.html "Ukraine war, energy crisis send German business sentiment to lowest level since June 2020") in about a year.

Exporters are stuck with billions in costs due to sharp [increases in import and producer prices](https://www.financedigest.com/syngenta-4q-profit-falls-as-raw-material-prices-increase.html "Syngenta 4Q profit falls as raw material prices increase") that they cannot fully pass on to foreign customers, the head of foreign trade at the Chambers of Industry and Commerce (DIHK), Volker Treier has said. The resulting burden on [German foreign trade amounts to 70 billion euros](https://www.financedigest.com/stellantis-to-invest-130-million-euros-in-german-plant-for-new-opel-electric-car.html "Stellantis to invest 130 million euros in German plant for new Opel electric car") ($69.72 billion) for the first six months alone, according to Treier.

The value of German [exports jumped by 4.5% in June to hit a record](https://www.financedigest.com/u-s-oil-exports-to-europe-hit-record-in-march-on-steep-discounts.html "U.S. oil exports to Europe hit record in March on steep discounts") level, though economists had cautioned that much of the increase was likely due to soaring prices.

($1 = 1.0040 euros)

(Reporting by Rene Wagner, Writing by Miranda Murray)


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