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

10/28/2024

Less than a minute

2024.10.28 03:17

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.

© Reuters. FILE PHOTO: Volkswagen logo is illuminated on a production line for the Golf VIII and Tiguan cars at the VW headquarters in Wolfsburg, Germany May 23, 2024. REUTERS/Fabian Bimmer/File Photo

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.

10/28/2024

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