19 Jan 2022 EZ Auto Sales and Capex Remain Weak, but Employment is Rising

Claus Vistesen (Chief Eurozone Economist)19th Jan 2022 00:10Eurozone, Daily Monitor

EZ auto sales fell in 2021, again, though we suspect they rebounded in Q4, after a terrible Q3.
Investment by EZ auto-makers has fallen in line with weakening production, due to supply-side woes…
…But employment has rebounded strongly, pointing to underlying confidence in the future.

auto sales auto sector automotive capex car sales confidence demand diesel economic growth economy employment equipment eu euro euro area ez factories gdp germany government growth index investment it labour manufacturing new car registrations outlook output production remain sales sector semiconductors sentiment spain supply transport transport equipment us vehicles

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