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ifo: No All-Clear for the Automotive Industry

By WIRTSCHAFT TV (Glomex) 9 October 2024 53 Views

Source: WIRTSCHAFT TV (Glomex)

The downturn in the German automotive industry has at least slightly slowed down. After a sharp decline in the summer, sentiment improved by 1.3 points in September. According to the German Press Agency, the ifo Institute announced this. The current level of the indicator is still very poor at minus 23. The automotive industry was able to halt the nosedive of the previous month. However, it would be premature to sound the all-clear, according to ifo expert Anita Wölfl.

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