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In June German new car sales went down 3% the previous month, dipping to 327,800 cars, as car industry association VDA informed on Tuesday, pointing to two fewer selling days.
Year-to-date registrations in the EU’s largest car market grew 3% on year-earlier levels, showing 1.79 million cars, VDA told, confirming a Reuters message.
According to the industry association, it expected German domestic vehicle production and exports to decline 2% each in 2017, tumbling to respectively 5.6 million and 4.3 million cars.
Car makers are actually watching with concern the dropping market share of Euro-6 diesel cars as well as the ascending share of fuel-powered cars, emitting higher levels of carbon dioxide emissions, as VDA told. The given organization represents car makers and suppliers including BMW, Volkswagen and Daimler.
With German elections three months away, the country's car industry is supposed to contribute towards an initiative to reduce pollution from diesel powerplants to help to improve air quality and also regain trust, which was spoilt by VW's 2015 emissions scandal.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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