Business cycle: Ifo: Sentiment in the automotive industry jumps upwards
The index is jumping by almost 30 points. For the first time in more than two years, the assessment of the current situation is turning positive. However, according to an expert, there is no reason to sound the all-clear.
The German auto industry's mood has significantly improved in October, according to the Ifo Institute in Munich. The index rose from -33.2 to -4.1 points, the best value since mid-2024. The current situation index is even in positive territory for the first time since then. However, Ifo expert Anita Wölfl warns that the industry is still highly uncertain, citing strong monthly fluctuations in business climate.
The recent agreement between France and Germany on a common automotive strategy may have contributed to the improved values, but Wölfl sees it as only a temporary reprieve.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
