German exporters don’t care about stronger euro

German exporters don’t care about stronger euro

German exporters demonstrate ascending optimism as for their business prospects because growing demand from other euro zone countries helps to compensate worries regarding the strengthening currency, as the Ifo economic institute told on Wednesday.

The strong euro ins unable to cloud the upbeat mood among exporters now. The euro zone still appears to be the most crucial driver for German exports. That’s what Ifo head Clemens Fuest revealed.

In September, Ifo's indicator for export hopes inched up to 18.7 points from August’s outcome of 18.2, with managers from almost all industrial sectors giving a more positive outlook.

Only car makers had to cope with an evident damper. Currently there aren’t any opportunities for export surge, as Fuest told.

Germany's car industry, the country's number one exporter with 800,000 employees, is facing an emissions scandal.

European Union as well as German antitrust regulators are also trying to figure out whether Mercedes-Benz, Audi, Volkswagen, Porsche and BMW held secret gatherings to discuss prices, suppliers and standards to the disadvantage of foreign car makers.

 

 

Similar

British budget gap inches down

In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera