Mechanical and plant engineeringVDMA dampens expectations for 2019
At the VDMA's economic press conference, association president Carl Martin Welcker lowered the production forecast for the German mechanical and plant engineering industry. The reason for this is the smouldering trade disputes between the world's major economic blocs.
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"We had originally forecast an increase in production of 5% for 2018, but material shortages and staff shortages prevented such growth," says VDMA President Carl Martin Welcke. "In addition, many companies have been reluctant to build up the capacities required for higher production due to the growing uncertainties and risks." Real is ...
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