German exporters' confidence rose in August to a four-and-a-half-year high as demand from EU partners lifted the IFO export expectations index to 9.6 from -2.8 in July — the largest one-month improvement in over six years and the highest reading since Feb 2022. The survey cited stronger sentiment at data-processing equipment, electrical equipment and auto firms; IFO said exports, especially to the EU, are accelerating. Official data on Tuesday showed Q2 GDP expanded more than initially estimated

German exporters' confidence rose in August to a four-and-a-half-year high as demand from EU partners lifted the IFO export expectations index to 9.6 from -2.8 in July — the largest one-month improvement in over six years and the highest reading since Feb 2022. The survey cited stronger sentiment at data-processing equipment, electrical equipment and auto firms; IFO said exports, especially to the EU, are accelerating. Official data on Tuesday showed Q2 GDP expanded more than initially estimated, partly driven by robust exports, providing further evidence of stabilising growth despite deep strains in the auto sector.