Situation for German Automakers Slightly Improved

The business situation for German automakers improved somewhat in June, with the indicator rising to 23.6 points, up from 17.8 points in May. “Automotive manufacturers continue to command high sales prices,” says Oliver Falck, Director of the ifo Center for Industrial Organization and New Technologies. The indicator for price expectations remained high at 74.7 points, down from 80.5 points in May.