Sentiment among German exporters falls for third month in a row -Ifo

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, Reuters reports.

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.

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 in about a year.

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