Europe’s Export Outlook Slumps In The Face of Brexit, Tariffs — Panjiva


Europe’s Export Outlook Slumps In The Face of Brexit, Tariffs

Business Sentiment 140 France 103 Germany 162 Tariffs 1169 United Kingdom 194

European businesses have seen a collapse in export sentiment. The IFO survey of German managers dropped to a net 1.2% of managers expecting an expansion in export orders, the lowest since Oct. 2012. Meanwhile French managers’ sentiment has fallen to its lowest since Jun. 2015. That’s not a surprise given the uncertainty still surrounding Brexit as well as the forthcoming U.S. section 232 automotive tariffs. In Germany’s case there’s a degree of capitulation given exports fell for three straight months through Jan. 31 including a 4.1% year over year drop in January. Similar declines have ...

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