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German manufactures more positive on export outlook in March

Xinhua, March 24, 2016 Adjust font size:

More German manufacturers expect growth in exports in March than last month, research group Ifo institute reported here on Thursday.

The outlook value rose to 6.4 balance points in March from 4.7 points in February, the think tank said.

"This is positive news at an uncertain and troubled time," Ifo president Hans-Werner Sinn noted, adding that developments in individual branches were highly heterogeneous.

According to the report, companies in the metal processing industry, food production and automotive manufacturing expect specifically a significant improvement in the export situation, while weaker export growth expectations were seen in companies of chemicals, mechanical engineering and electronics.

The Ifo business climate index is considered the most important barometer for the German economy. Endit