Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BERLIN, June 26 (Xinhua) — German manufacturers’ export expectations worsened in June as U.S. tariff policies continued to weigh on sentiment in key industries, a poll by the ifo Institute showed on Wednesday.
The ifo export expectations index fell to -3.9 points in June from -3.0 in the previous month, signaling a general decline in confidence in Germany’s export-oriented economy.
The clothing sector showed the most gloomy outlook, while sentiment among food and beverage producers, automakers and metal producers also deteriorated significantly.
Germany’s auto sector, a cornerstone of its industrial base, faces persistently low export expectations and remains particularly vulnerable to trade tensions. The U.S. has already imposed a 25 percent tariff on cars and auto parts imported from the European Union.
“The tariff threat from the US is still being discussed. An agreement between the EU and the US has not yet been reached,” said ifo’s head of surveys, Klaus Wohlrabe. “This uncertainty reduces exporters’ expectations.”
According to the latest data from the Federal Statistical Office, German exports fell by 1.7 percent month-on-month in April, while shipments to the United States, Germany’s largest export market, fell sharply by 10.5 percent. –0–