A survey released on Tuesday showed a slight improvement in the export industry sentiment in Germany in November, with companies generally taking a cautious attitude towards overseas business development and waiting to see which trade policies the newly elected US President Trump will implement.
The export expectations index of the Ifo Institute for Economic Research rose from -6.5 points in October to -5.9 points in November, the first increase in six months.
Ifo survey director Klaus Wohlraabe said: 'Companies are uneasy, but are still waiting to see what trade policies Trump will ultimately implement.'
'In addition, the strong appreciation of the US dollar since the election may benefit exporters,' he added.
Some analysts believe that in the coming months, Germany's exports to the USA may increase, as American companies will strive to order goods before possible tariffs are imposed.