18 Feb 2021 The January Crash in EZ Car Sales is a One-off, but H1 will be Slow

Claus Vistesen (Chief Eurozone Economist)18th Feb 2021 00:10Eurozone, Eurozone Key Issues, Economic Monitor

Car sales in the Eurozone hit the skids at the start of 2021. New car registrations plunged by 24.6% year- over-year in January, down sharply from a 2.8% dip in December, driven primarily by sizeable declines in Germany and Spain, by 31.1% and 51.1%, respectively.

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auto production auto sales car sales china consumer credit credit conditions debt ECB economy eu euro euro area eurozone ez February france germany growth h1 households ifo index insee italy January labour labour market motor vehicles new car registrations new orders orders production q1 q3 surveys vat vat cut vehicles

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