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In April 2024, the ifo business climate index for the German automobile industry was -1.5 points. Other economic indicators shown here include order backlog assessment and production plans.
What is the ifo Business Climate?
The ifo Business Climate is an indicator for economic activity in Germany. It is based on approximately 9,000 monthly responses from businesses in manufacturing, the service sector, trade, and construction. Companies are asked to give their assessments of the current business situation and their expectations for the next…