A Volkswagen employee assembles the side door of a VW ID.4.
(Photo: dpa)
Munich According to the Ifo Institute, the situation in the German auto industry continues to deteriorate. The indicator for the industry fell to minus one point in December after plus 7.9 points in November, as the Munich economic researchers announced on Wednesday. This darkened the situation for the fifth month in a row. “This further deterioration is driven by the manufacturers, not the suppliers,” said Ifo expert Oliver Falck. The position indicator for the manufacturers fell to 15.6 points. In November it was 36.5 points.
All manufacturers are still affected by delivery bottlenecks for preliminary products, said the Ifo. Business abroad seems to be stalling. The index for export expectations fell to 28.1 points from 51.1 points in November. “The expectations of the manufacturers are also no longer so rosy,” said Falck. Your business expectations fell from 42.7 to 18.2 points.
According to Ifo, the situation with the manufacturers is also being carried over directly to the suppliers. “The situation of the suppliers remains bad.” The indicator rose to minus 13.6 points from minus 21.7 in November, but remained clearly in negative territory. “The suppliers’ business expectations are more pessimistic than they have been for almost two years,” the institute said. The corresponding index fell from minus 24.8 points to minus 28.6 points in December. “The latest announcements by car manufacturers to further expand their involvement in China are certainly depressing the mood of medium-sized suppliers in particular, who are heavily dependent on automobile production in Germany,” said Falck.
More: So that the combustion engine survives – Porsche is taking a risky bet on synthetic gasoline
Top jobs of the day
Find the best jobs now and
be notified by email.