German Export Outlook Worsens as Key Industries Face Decline

The Ifo Institute reports a further drop in export expectations, with the automotive and metal sectors bracing for significant losses.

The Ifo Institute's export expectation index fell to minus 6.7 points in October, down from minus 6.5 in September.
Germany's automotive and metal industries are expected to suffer the most in the declining export market.
The weak export performance is contributing to Germany's economic stagnation, with a projected GDP contraction of 0.2% for the year.
Despite the overall negative trend, food and beverage manufacturers anticipate increased exports, while paper and electrical equipment makers see slight improvements.
The continued export downturn places Germany at risk of a second consecutive year of recession, according to government forecasts.