BERLIN — Germany’s auto business picked up velocity in March, a survey published by the Ifo economic institute confirmed on Tuesday, though automotive executives additionally change into much less optimistic concerning the outlook for the approaching months.

The survey’s indicator for the present enterprise scenario rose to 7.9 factors in March from minus 0.4 in February, as automakers stuffed up their order books and ramped up manufacturing.

“Spring has arrived for carmakers,” stated Ifo’s Klaus Wohlrabe.

However the survey’s indicator for enterprise expectations fell to 19.1 factors from 37.3 in February, suggesting managers within the business are gloomier about its prospects for the approaching months.