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.
... not yet reflected: The share of the manufacturing industry in the US gross domestic product has now leveled off at around 12%. "But we can say that the de-industrialization of America is over," explained VDMA Chief Economist Dr. Ralph Wiechers. "In many places, factories in America are being modernized, which benefits the German mechanical engineering industry." Nevertheless, the strong position of German companies in the United States is not unchallenged: more than half of the companies surveyed expect increasing competition from ...