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Export expectations in Germany’s car sector at lowest since 2009 – Ifo

imageStock Markets7 hours ago (Apr 06, 2020 01:25AM ET)

(C) Reuters. FILE PHOTO: A worker walks along rows of Mercedes cars at a shipping terminal in the harbour of the town of Bremerhaven

BERLIN (Reuters) – Export expectations in Germany’s car sector have fallen to their lowest level since March 2009, when Europe’s largest economy was in the throes of the global financial crisis, Germany’s Ifo institute said on Monday.

“The prospects for the German car sector have significantly worsened due to the coronavirus crisis,” Ifo said.

It said business expectations in the sector for the coming months had dropped to -33.7 from -19.7 in February.

Export expectations in Germany’s car sector at lowest since 2009 – Ifo

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