German carmaker business sentiment improved in March, reaching the highest level since May 2023, according to a survey by the Ifo economic institute.

German carmaker business sentiment improved in March, reaching the highest level since May 2023, according to a survey by the Ifo economic institute. The business climate index rose from -9.9 in February to -5.8 points, driven by increased future expectations from car manufacturers. The automotive industry is regaining confidence due to positive developments in exports to the US and China.