German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

RTTNews | 872 दिनों पहले

(RTTNews) - German automakers sentiment turned positive at the end of 2022, but the overall business situation was strained for both manufacturers and suppliers, and expectations for the coming months remain cautious, survey results from the ifo Institute showed on Wednesday.

The auto industry index rose to 1.5 in December from -1.5 in November, the Munich-based institute said.

This clearly indicates that confidence is returning to automakers, as demand declined less than in November, while the order situation stabilized and they were significantly more satisfied with their order books, the think tank said.

"However, automakers continue to suffer from a shortage of intermediate products," said Prof. Oliver Falck, director of the ifo Center for Industrial Organization and New Technologies.

Consequently, they were unable to process some orders. But they expect to be able to produce more in the months ahead.

As late as September, Germany's automotive industry was still expecting earnings to plummet in the second half of the year, ifo said.

In the case of suppliers, the current situation and business expectations remained negative in December. However, the supply of intermediate products eased only marginally.

In December, 55 percent of suppliers still reported problems with raw materials deliveries, which was the lowest percentage since this question was first asked in August 2021, Ifo said.

टैग: EUR

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.

RTTNews | 2 दिनों पहले

Eurozone Private Sector Shrinks For First Time In 5 Months

The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.

RTTNews | 3 दिनों पहले

German Ifo Business Sentiment Strengthens; Composite PMI Falls

German business confidence strengthened in May as companies became less concerned about uncertainties regarding trade tariffs, a closely watched survey showed Thursday. The Purchasing Managers' survey compiled by S&P Global today showed that the German private sector activity contracted the most in five months in May due to a deepening downturn in the service sector.

RTTNews | 3 दिनों पहले

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU

Eurozone economic growth outlook was downgraded substantially for 2025 due to the impact of higher trade tariffs and elevated uncertainty and disinflation would proceed more swiftly than anticipated with headline inflation set to hit the 2 percent target by the middle of this year, the European Commission said Monday.

RTTNews | 6 दिनों पहले

Eurozone Trade Surplus Surges On Exports To US

The euro area trade surplus grew strongly in March as exports to the U.S increased sharply ahead of the expected increase in trade tariffs. The trade balance showed a surplus of EUR 36.8 billion compared to a EUR 22.8 billion surplus in the same period last year, Eurostat reported Friday.

RTTNews | 9 दिनों पहले

Eurozone GDP Expands 0.3% In Q1; Employment Growth Improves

Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday. Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion.

RTTNews | 10 दिनों पहले

German ZEW Investor Confidence Rebounds In May

German investor confidence rebounded in May as the formation of new government as well as the progress in the tariff disputes strengthened expectations, a survey published by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment climbed sharply by 39.2 points to 25.2 in May. However, the assessment about the current economic situation remained deep in the negative terri

RTTNews | 12 दिनों पहले

German Exports Rise More Than Forecast

Germany's exports increased more than expected in March driven by robust shipments to the US and China, official data revealed on Thursday. Exports increased 1.1 percent on a monthly basis in March but this was weaker than February's 1.8 percent gain, Destatis reported. Shipments were expected to climb 1.0 percent. Meanwhile, imports fell unexpectedly by 1.4 percent, reversing a 0.5 percent ris

RTTNews | 17 दिनों पहले

EURUSD	1.13647	GBPUSD	1.35348	AUDUSD	0.64976
USDJPY	142.465	USDCAD	1.37169	USDCHF	0.82053

Advertisement

German Auto Industry Confidence Improves, Outlook Uncertain: Ifo