Automotive market slows down
Macroeconomics
The world is trying to get back into the normal gear after the summer break in the western world.
There has been little information from the financial markets so far. Oil prices bounced up and down and remain very susceptible to speculation and news from the terrorist front. As a consequence, the average level remains far above $45 dollars and, despite the opinion of many economists, there are growing concerns about the cost of products and transport in the business world. We believe that, if the predictions of oil prices staying high for some time are right, the effects on consumer spending will be much higher than many anticipate today. The influence on the general economy does, however, generally come with a six to 12-month delay.
