Germany's auto industry sentiment darkens in December: Ifo –

Representative Image
Representative Image

BERLIN: The mood in the German automotive industry worsened in December, a survey showed on Tuesday, as the rising number of coronavirus infections forced Europe’s largest economy into a full lockdown in the last month of 2020.

The Ifo economic institute said its car industry sentiment indicator fell to -5.4 points in December after +5.0 points in November, but said the companies in the automotive sector expect the situation to improve over the next six months.

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