Mechanical engineeringVDMA forecast: downturn continues
According to the VDMA at its annual press conference, production fell by 1.8% in the first ten months of the year, while incoming orders declined by 9%. For 2020, the association again expects production to fall by two percent.
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(from left to right): Holger Paul, VDMA Press Spokesman, Carl Martin Welcker, VDMA President, Thilo Brodtmann, VDMA Managing Director and Dr. Ralph Wiechers, VDMA Chief Economist. © WBM