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By Reuters Staff
1 Min Read
FILE PHOTO: View to the car body construction line of the new electric Volkswagen model ID.3 in Zwickau, Germany, February 25, 2020. REUTERS/Matthias Rietschel
BERLIN (Reuters) - Germany’s car industry picked up speed in March, a survey published by the Ifo economic institute showed on Tuesday, although automotive executives also become less optimistic about the outlook for the coming months.
The survey’s indicator for the current business situation rose to 7.9 points in March from -0.4 in February, as carmakers filled up their order books and ramped up production.
“Spring has arrived for carmakers,” said Ifo’s Klaus Wohlrabe.
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