2024-09-04 09:00:08
Automotive
Business
The Mood in the Automotive Industry Continues to Deteriorate
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Economy
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The German automotive industry is experiencing a significant decline in business climate according to the Ifo Institute; the Ifo index fell in August by 6.2 points to -24.7 points, which Ifo expert Anita Wölfl describes as a 'veritable nosedive'. The future prospects are bleak with declining orders, impending layoffs and Volkswagen is planning its first plant closure in Germany in decades. According to the Federal Ministry of Economics, the industry generated global sales of 564 billion euros..
gmx
Ifo: Mood in the automotive industry "in a nosedive"
Economy
Ifo Institute: Automotive industry with pessimistic expectations; business climate fell by 6.2 points to -24.7; lack of new orders, especially from abroad.
tz
Ifo: Mood in automotive industry 'in a nosedive'
The Ifo Institute reports that the mood in the German automotive industry has declined sharply. The business climate in the industry fell by 6.2 points in August to minus 24.7 points.
heise online
Lack of orders sends mood of the automotive industry into a "nosedive" | heise autos
Economy
Ifo Institute measures strongly pessimistic expectations in Germany's automotive industry; Business climate drops to minus 24.7 points after a temporary slight recovery; Expectations for the next 6 months are particularly low at minus 40.5 points; current business situation only slightly worse at minus 7.2 points; Lack of new orders, especially from abroad, is reflected in workforce planning; Institute employee speaks of a "nosedive" in the mood.
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