Key facts
- A survey of German automotive suppliers shows a worsening outlook.
- More suppliers expect conditions to worsen than improve.
- Investment in Germany by these suppliers is falling.
- Hiring in Germany by these suppliers is falling.
- Companies are shifting capital and jobs abroad.
- Asia is a particular destination for these shifts.
A survey of German automotive suppliers paints a picture of a darkening mood within the sector. More companies are anticipating worsening business conditions rather than improvement, signaling a challenging period ahead. In response to this outlook, investment and hiring activities within Germany are declining. Suppliers are actively shifting capital and jobs to overseas locations, with a particular emphasis on Asia. This strategic relocation indicates a broader trend of internationalizing operations and seeking growth opportunities beyond Germany's borders. The survey results highlight a growing concern among these key industry players regarding future economic stability and competitive pressures.