German economy ministry: Do not expect a bigger economic downturn or see a pronounced recession

German economy ministry, in the monthly report released this Friday, said that they do not expect a bigger economic downturn or a pronounced recession but indicators don't point to an economic turnaround either.

Key points:

   •  Exports are moving sideways at the moment.
   •  Private consumption still providing noticeable support to the economy.
   •  Recovery in the industrial sector not in sight after a weak start to Q3.