Mood in German export sector darkens further in October, survey shows
ReutersOct 28, 2024 6:55 AM
BERLIN (Reuters) - 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.
(Reporting by Rachel More, editing by Kirsti Knolle)
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