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German auto makers continued to fill their order books in March, Klaus Wohlrabe, Head of Surveys at ifo said Tuesday, noting that "Spring has arrived for carmakers." Overall, business activity improved among manufacturers and their suppliers, although overall there was less optimism about the coming months than recently, the survey finds.
The Ifo business situations index increased to 7.9 points in March, up from 0.4 points seen in in the previous month, while expectations eased from 37.3 points recorded in February to 19.1 points in March, data published Tuesday by the Ifo institute showed. Demand, order books and production all registered monthly gains March. However, car producers continue planning to employ fewer staff.