Analytics on topic
Article
07.23.2020
EU car sales forecast 2020: Record drop of 25% expected this year, says ACEA
In the light of the major economic crisis facing the auto industry due to COVID-19, the European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for passenger car registrations down to about −25%.
Source: European Automobile Manufacturers Association
Article
05.15.2020
Coronavirus: China’s uneven economic recovery continued in April, as industrial engine returned to growth
In April, China’s industrial output grew by 3.9 per cent, retail sales fell by 7.5 per cent and fixed asset investment fell by 10.3 per cent, suggesting an uneven recovery. Data suggests demand weaknesses remain, while for industrial engine overseas shutdowns will hamper growth before long.
Source: South China Morning Post