Mood in German export sector darkens further in October, survey shows

by Reuters Oct 28, 2024

The mood in Germany's export industry darkened further in October, with the automotive and metal sectors anticipating the heaviest losses in international trade, according to the results of a survey published on Monday.

Ifo's indicator for export expectations fell to minus 6.7 points from minus 6.5 points in September, the economic institute said in a statement.

"Companies are not currently benefiting from the positive economic development in other countries," said Klaus Wohlrabe, head of Ifo surveys.

Reuters

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