BERLIN, Feb 3 (Reuters) - The business environment for
German car makers and their suppliers improved significantly in
January, a survey published by the Ifo economic institute showed
on Friday.
Ifo's indicator on the sector rose in January to 14.1 points
from 3.4 points in December, with an expectations reading
turning positive for the first time in five months.
"However, export expectations fell considerably," Oliver
Falck, director of Ifo's Center for Industrial Organization and
New Technologies, said in a statement.
Manufacturers rated their current business situation as
significantly improved, with order backlogs at a high level.
"Automakers hope to be able to clear the backlog by
expanding production in the coming months," Falck said.
(Writing by Paul Carrel; editing by Eileen Soreng)
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