Mechanical engineeringVDMA: Order intake remains in the red
The global economy, weakened by trade disputes and political upheaval, was further impacted by the coronavirus pandemic, according to the VDMA. This is also reflected in the significant drop in orders in the mechanical and plant engineering sector.
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According to VDMA economic expert Olaf Wortmann, the drop in orders is due to a weakened global economy caused by trade disputes and political upheaval, which was also hit hard by the Covid-19 pandemic. © VDMA