Mechanical engineering exports to the USA"Made in Germany" not damaged
According to the VDMA, German mechanical engineering companies are optimistic: despite the VW emissions scandal, they expect more business with the USA, the partner country of the 2016 Hannover Messe, in 2016. However, the VDMA warns against too much euphoria.
... industry association advises against too much euphoria: due to the relatively weak global economic environment and the drastic decline in investments in the fracking sector, it expects at best a slight increase in exports to the USA in 2016 (2015: plus 11.2% to EUR 16.8 billion). The association also notes that companies had a tailwind last year due to a falling euro exchange rate, which is likely to be lacking in the current period. However, the commitment of German mechanical engineering in America is not characterized by ...