Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +0.10 | +0.10 | +0.05 | +0.05 | +0.05 | +0.00 | -0.05 | -0.15 | -0.60 | -0.10 | -0.10 | -0.10 |
Industrial sentiment is slightly bearish this month, weighed down by Volkswagen's admission of using defeat devices to cheat emissions tests, which has intensified regulatory scrutiny on heavy manufacturing and automotive sectors. While isolated to one firm, the incident underscores broader compliance and reputational risks across the industrial complex, particularly for companies reliant on diesel technology and legacy emissions systems. The macro backdrop of tightening environmental standards adds pressure, but the sector's overall trajectory remains stable outside of this reputational and regulatory overhang.
How this mood is scored ▾
Volkswagen admitted to using illegal 'defeat device' software in diesel vehicles from 2009–2015 to evade U.S. emissions standards, affecting models like the Jetta, Beetle, and Audi A3. The Environmental Protection Agency found the cars emitted up to 40 times the legal limit of nitrogen oxides, triggering potential civil penalties and damaging consumer and regulatory trust in the automaker.