Free Trial

MNI BRIEF: German Auto Industry Slows In Dec; Outlook Brighter

LONDON (MNI)

Germany's auto industry saw a dip in sentiment in December as the renewed lockdowns across Europe weighed, the latest Ifo Business Survey showed. The index, published Tuesday, showed the current situation in the sector fell to -5.4 points in December from +5.0 in the previous month.

However, the expectations index rose to +10.1 from -1.6 in November.

"Automakers and their suppliers are feeling the effects of the renewed lockdown, but they are counting on catch-up effects," says Klaus Wohlrabe, Head of Surveys at ifo.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.