Slowed Decline in German Mechanical Engineering Sector

Slowed Decline in German Mechanical Engineering Sector

New orders in the German mechanical engineering sector fell in July, but the pace of the decline slowed compared with the previous months. Orders fell 3 percent short of the previous year’s level in real terms, with domestic orders down 4 percent and orders from abroad down 3 percent.

167919 Logo Verband Deutscher Maschinen und Anlagenbau
Image: VDMA e.V.