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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.

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