The mood in the auto industry is falling again

Released on 04.10. 2021

  • An employee of an automobile manufacturer in the final assembly. Photo: Sebastian Kahnert

Already heard?

You can now also have your messages read out to you. Simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later.

Listen to the article:

The mood in the automotive industry is getting worse and worse. The industry is still struggling with delivery bottlenecks.

Munich (dpa) – After a short summer high, the mood in the German auto industry is getting worse. In September, the sub-index of the Munich Ifo Institute for the current situation fell significantly for the second month in a row.

It is now at 13, 2 points, as the economic researchers announced. That is 18, 8 points less than in August and 39, 7 less than in July, when the index had reached a multi-year high.

«Current figures show that the auto industry is the most severely affected by supply bottlenecks is the industry affected by preliminary products, ”said Oliver Falck from the Ifo Institute, explaining the development. In addition, domestic orders and demand fell.

The only positive impetus for the Ifo can be seen from abroad: export expectations increased. However, Falck warns that “the uncertainty of many consumers in China is depressing the mood of German car manufacturers due to the crisis in real estate developer Evergrande”. These meanwhile produced more cars in China than in Germany.

Related Articles

Back to top button