German business sentiment for automakers improves in March, Ifo says
The business environment for German carmakers and their suppliers improved noticeably in March, a survey published by the Ifo economic institute showed on Wednesday.
The business environment for German carmakers and their suppliers improved noticeably in March, a survey published by the Ifo economic institute showed on Wednesday. Ifo's business climate indicator for the sector rose from -9.9 in February to -5.8 points, the highest value since May 2023.
"The German automotive industry now seems to have finally emerged from the economic low of the second half of 2023 and is looking more confidently into the future again," Anita Woelfl, a motoring industry specialist at Ifo, said in a statement.
According to Ifo, only a few companies reported problems in supply chains despite severe disruptions caused by militant attacks on the Red Sea shipping route.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
5 midcap stocks for up to 44% return? Brokerages have 'buy' ratings on these 5 stocks; check out their targets
Gold and Silver rate today (May 21, 2024): Precious metal futures trade lower; yellow metal futures below Rs 73,750, white metal futures slips over 1%
IRFC Q4 dividend: Indian Railway Finance Corporation announces dividend alongwith Q4 earnings; check details
303% Rise in 1 Year: Multibagger PSU stock in focus after Maharatna reports weak fourth-quarter results
02:14 PM IST