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☆ German exporters see decline in trade in 2023 - BGA
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

A crane lifts a shipping container at the HHLA Container Terminal Altenwerder on the River Elbe in Hamburg, Germany, March 31, 2023. REUTERS/Phil Noble/File Photo Acquire Licensing RightsBERLIN, Sept 6 (Reuters) - Most German exporters see trade declining or even strongly declining in 2023, the Federation of German Wholesale, Foreign Trade and Services (BGA) said on Wednesday. The reasons for the pessimistic mood among exporters are linked to the weak economic situation in Asia and South America, according to the BGA. "It will be a burden for our small and medium companies," Jandura said, arguing that it will increase bureaucracy and legal uncertainties. "In Brussels, a weighty German voice for free trade is missing," Jandura said.

Persons: Phil Noble, Dirk Jandura, Jandura, Maria Martinez, Nick Macfie Organizations: REUTERS, Rights, Federation of German Wholesale, Foreign Trade and Services, European, Thomson Locations: Hamburg, Germany, Asia, South America, Brussels

☆ German exporters prepare for a challenging 2023
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

The United States and China are Germany's most important trading partners. "We have a stronger euro again because of the ECB interest rate increases. He added that higher interest rates were already having an impact in the United States where they have risen further, especially on the construction industry. To tame soaring inflation, the European Central Bank and the U.S. Federal Reserve have raised interest rates at the fastest pace in decades and both are expected to do more next year. German exporters had not been able to fully process all orders in recent months due to supply shortages, Jandura said.

☆ German businesses expect only mild recession as disruptions ease
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

There have been growing signs that the German economy could stave off the worst of an economic downturn triggered by a plunge in energy supply from Russia after the Ukraine invasion. Inflation slowed slightly to 11.3% in November from a high of 11.6% the month prior as energy prices eased. The Association of German Chambers of Industry and Commerce (DIHK) said there were many indications that supply chain disruptions were gradually easing. However, the DIHK warned that soaring energy prices and easing consumer sentiment were still clouding the outlook for 2023. The ZDH association of craftsmen echoed the DIHK, saying noticeably fewer orders were coming in for next year.

☆ German exports fall more than expected as demand cools in Europe, U.S.
▼ + stars: | 2022-12-02 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

"The German export engine is noticeably juddering," said German chambers of commerce and industry (DIHK) trade chief Volker Trier. "High inflation rates and a tight monetary policy in important sales markets are dampening international demand." DIHK said last month Germany's exports were likely to fall 2% next year due to a sluggish global economy, with nearly half of German companies that sell abroad expecting an economic downturn. Also last month, German industrial group Thyssenkrupp (TKAG.DE) warned its sales and profit would "nosedive" next year as high inflation and energy costs are compounded by an expected recession in Europe. A survey published on Thursday showed Germany's manufacturing sector reported continued weaker demand in November but the downturn slowed as signs of fewer material shortages fuelled hopes that cost pressures could also ease.

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