Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
dpa

HOME > dpa

German auto industry confidence improves, outlook uncertain

January 09, 2023


Abstract : 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.

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.

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 Professor 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% 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.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: auto industry

Reading:

Wendeng huabobo, intangible cultural heritage in east China's Shandong, popular in Chinese, overseas markets

China's Guangdong targets 2023 GDP growth of over 5 pct

ICIF promotes Chinese culture, helping to build up national cultural soft power

GDP of China's Yunnan to hit 2.9 tln yuan in 2022

China's equities off to good start in 2023 on recovery hopes

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial