German businesses’ outlook for export orders fell for a sixth straight month to the lowest since January 2017 according to the latest IFO survey. While still firmly in expansionary territory overall that’s been driven by a decline in optimism in the automotive sector where no growth is expected. That’s not a huge surprise given deteriorating U.S.-EU trade relations, though the survey came before the launch of the section 232 review of the autos industry by America. Business sentiment towards trade in America and China has slowed too, though it will likely take actual actions rather than ...