Germany: New Fall in Business Climate for Car Industry · Global Voices

The business climate in it deteriorated in August, while the Volkswagen crisis raged. The indicator retreated to -24.7 units, from -18.5 in July, according to an Ifo announcement. “The climate in the car industry (p. in Germany) is in a vertical decline,” says ifo expert in the Anita Wölfl industry. The reason is the extremely pessimistic expectations for the next six months. Business expectations fell vertically to -40.5 units, after -27.5 units in July. The indicator for assessing the current business situation was reduced by 0.3 points to -7,2 points.