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Munich (dpa) - The business of German car manufacturers and their suppliers is again worse.
In the monthly economic survey of the Ifo Institute, they rated their current situation in December with minus 5.4 points, after plus 5.0 points in November.
"The number of jobs will fall, the indicator fell slightly to minus 35.2 points," said the economic researchers on Tuesday in Munich.
The Ifo Institute asks the companies whether their situation and their expectations have improved or worsened in the current month compared to the previous month.
The index value indicates the balance of positive and negative ratings.
An index value of minus 100 would mean that 100 percent of the companies rate the situation as worse, no company rates it as better or the same as in the previous month.
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The production expectations of the companies fell from minus 0.7 to minus 20.6 points.
Export expectations improved slightly to minus 2.5 points.
However, companies expected their situation to improve by June.
This index rose in December from minus 1.6 to plus 10.1 points.
Ifo survey leader Klaus Wohlrabe said: "The car manufacturers and their suppliers are feeling the renewed lockdown, but they are relying on catch-up effects."
© dpa-infocom, dpa: 210105-99-907177 / 4