ZVEIGrowth only in exports
The German electrical industry was only able to record growth in exports in 2019; production, sales and incoming orders, on the other hand, declined, as the ZVEI announced at the start of the year press conference.
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© ZVEI
The ZVEI expects a recovery in the course of 2020 - provided there is no further deterioration in the trade disputes and Brexit turns out to be reasonably 'soft'. However, a strong upturn is not to be expected; a high degree of uncertainty remains the biggest problem for trade, investment and industrial production.
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