Open Demo Account
Home / Market Update / IFO: Signs of Recovery in The Automotive Industry

IFO: Signs of Recovery in The Automotive Industry

Adel 4 August, 2020 11:48 am Market Update

In a survey conducted by the German IFO Institute this morning about the auto industry in Germany, the results of the survey showed signs of recovery soon. However, expectations are still below 50.

This comes after the latest data of Eurozone, which indicated the improvement of the manufacturing sector in July, the rise in the PMI reading in Italy to 51.9 points, France to 52.4 points, and Germany to 51.0 points. The manufacturing industry is expected to witness more recovery in August.

Tags

Check Also

Gold Prices Surge to 11-Week High Amid Trump Tariff Fears and Inflation Concerns

Gold prices climbed to their highest level in 11 weeks during Asian trading on Wednesday, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends