Overview

• 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.