Prolongation of pandemic and disruptions in global supply chains (including the crisis of semiconductors) had a very strong negative impact on the activity of automotive industry (manufacturing of passenger cars and parts and accessories for transport means).
Output of the automotive sector in Germany, France, and Spain observed in January this year was still 25% below its pre-pandemic level from February 2020.
Start of war in Ukraine has made things worser, and output of automotive industry contracted again substantially in March in Euro area countries.
