German Auto Industry Confidence Improves, Outlook Uncertain: Ifo

RTTNews | 858 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

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 | 3 दिनों पहले

German Factory Orders Rebound Ahead Of U.S. Tariffs

Germany's factory orders grew more than expected in March as U.S. manufacturers front-loaded their orders to avoid higher tariffs, official data revealed Wednesday. Factory orders advanced 3.6 percent month-on-month in March after remaining flat in February, Destatis reported. Orders are forecast to grow 1.4 percent.

RTTNews | 4 दिनों पहले

Eurozone Private Sector Growth Eases On Weaker Demand

Euro area private sector growth weakened in April as soft demand conditions limited the speed of expansion and weighed on sentiment, final results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB final composite output index fell to 50.4 in April from 50.9 in March, but the reading suggested growth for the fourth straight month.

RTTNews | 5 दिनों पहले

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | 9 दिनों पहले

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | 9 दिनों पहले

German Inflation At 6-Month Low, Core Figure Accelerates First Time In 4 Months

Germany's consumer price inflation slowed for a second straight month in April to its lowest level in six months as energy prices continued to fall, but the core price growth accelerated for the first time since December as services cost growth increased, which warrants caution from the European Central Bank that is set to reduce interest rates further.

RTTNews | 10 दिनों पहले

Eurozone GDP Growth Gains Strength In Q1

Euro area economic growth accelerated in the first quarter as exports may have benefited from higher demand from the U.S. ahead of the imposition of higher trade tariffs. The quarterly growth in gross domestic product doubled to 0.4 percent from 0.2 percent seen in the fourth quarter of 2024, preliminary flash estimates from Eurostat showed on Wednesday.

RTTNews | 11 दिनों पहले

German Economy Recovers On Spending, Investment

The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed on Wednesday. Gross domestic product grew 0.2 percent sequentially, offsetting the 0.2 percent fall in the preceding quarter. The rate also matched economists' expectations. The calendar-adjusted GDP posted an annual fall of 0.2 percent.

RTTNews | 11 दिनों पहले

EURUSD	1.12578	GBPUSD	1.33126	AUDUSD	0.64134
USDJPY	145.282	USDCAD	1.39279	USDCHF	0.83115

Advertisement

German Auto Industry Confidence Improves, Outlook Uncertain: Ifo