A cargo ship is seen on river Main in front of the skyline during a summer evening in Frankfurt, Germany, August 13, 2023.
REUTERS/Kai Pfaffenbach/File Photo Acquire Licensing RightsNov 27 (Reuters) - Sentiment among German exporters improved in November, although only a few sectors expected exports to increase, according to a survey by the Ifo economic institute released on Monday.
The institute's export expectations indicator rose to minus 3.8 points in November from minus 6.3 points in October.
"However, the export economy still isn't managing to develop any momentum," Klaus Wohlrabe, head of surveys at Ifo, said.
"German companies have yet to benefit much from the economic upswing in many countries," he added.
Persons:
Kai Pfaffenbach, Klaus Wohlrabe, Amir Orusov, Rachel More
Organizations:
REUTERS, Thomson
Locations:
Frankfurt, Germany, Ifo