acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Automotive News Europe — 2023-02-03
Automotive Industry
The business environment for German automakers and their suppliers improved significantly in January 2023, a survey published by the Ifo economic institute showed.
Ifo's indicator on the sector rose in January to 14.1 points from 3.4 points in December, with an expectation reading turning positive for the first time in five months.
"However, export expectations fell considerably," Oliver Falck, director of Ifo's Center for Industrial Organization and New Technologies, said in a statement on Friday 3 February 2023.
Manufacturers rated their current business situation as significantly improved, with order backlogs at a high level.
"Automakers hope to be able to clear the backlog by expanding production in the coming months," Falck said.