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The business climate has deteriorated solely due to less optimistic expectations for the next six months. That indicator fell to -30.0 points in February, down from -24.3 points* in January. In contrast, assessments of the business situation remained virtually unchanged at 12.2 points.
“The automotive industry has now almost cleared the order backlog that started building up in 2021 due to supply chain problems,” Wölfl says. This can be seen in the data from Germany’s Federal Statistical Office. Another finding from…