Mechanical engineering economyVDMA also sees a decline in production in 2020
The consequences of the trade dispute between the USA and China are becoming increasingly noticeable. Production and incoming orders in the mechanical engineering sector are declining. The industry is expecting more short-time working.
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Incoming orders in the German mechanical engineering sector: In August, incoming orders in the mechanical engineering sector in Germany fell 17% short of the previous year's level. The ifo business expectations indicate that mechanical engineering companies remain pessimistic in view of the economic and political risks. © VDMA