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German export expectations hit 10-year high | DW News
Posted
July 2, 2021
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July 2, 2021
23,692
401
173
2.42%
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5:39Now PlayingDemand is back! The all-important barometer in the German auto sector is at its highest since August 2018, says Germany’s Ifo Institute for Economic Research. It comes as carmakers in the US reported higher second-quarter sales as they start to shrink their inventories. Meanwhile retailers in Germany are starting to reap the benefits of the easing of lockdown measures. But things are problematic on the supply side, and supply chains are still struggling with the pandemic. The German Exporters Association says stoppages at the Yantian port in the southern Chinese trade hub of Shenzhen will lead to higher prices. There is even a shortage of sailors.
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