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Ifo Institute: Business climate in the auto industry is worse

Tuesday, 11/02/2021 4:08 PM from

dpa-AFX

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MUNICH (dpa-AFX) – The business climate in the German auto industry has deteriorated further: The Ifo industry barometer fell from 9.8 points in September to 8.5 points in October. “Manufacturers and their suppliers rate the current situation very differently,” said Oliver Falck, head of the Ifo Center for Industrial Organization and New Technologies, in Munich on Tuesday.


The manufacturers continued to do very well: The situation indicator rose from 29.9 to 46.2 points. The export indicator fell, but at a high level: “The sales markets abroad are still doing well,” said Falck. The manufacturers’ order books are well filled. “However, all manufacturers continued to complain about delivery bottlenecks.”

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