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.
© Statistisches Bundesamt, VDMA
In 2018, the industry achieved an export ratio of almost 79%. Last year, exports increased by 4% in real terms to just under 178 billion euros compared to the previous year, ...