Published: October 6th, 2023,
Last updated: October 6th, 2023
While German exports are declining overall, exports to China have at least increased slightly. Goods deliveries to the People’s Republic rose by 1.2 percent in August to 8.4 billion euros. Germany’s exports had fallen by the same percentage in parallel. The mood in the export industry is currently worse than at any time in more than three years. „The increased interest rates worldwide are having an effect,“ said Klaus Wohlrabe of the Ifo Institute. „They are dampening demand for German goods.“ rtr/fin