Munich
The gloomy mood in Germany’s export industry is getting worse. The Munich Ifo Institute’s monthly export expectations index fell to minus 6.3 points in September, after minus 5.2 points in August. Therefore, most companies assume that fewer foreign orders will be received in the coming months. “The export economy is in a weakening phase,” said Klaus Wohlrabe, head of the Ifo survey. Therefore, the metal industry and the automotive industry in particular are expected to suffer significant losses.
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