Incoming Orders in German Mechanical Engineering
Bild: VDMA e.V.

At the beginning of the year, mechanical engineering in Germany made a surprisingly good start. In January, new orders rose by 7% in real terms year-on-year. However, according to VDMA chief economist Dr. Ralph Wiechers, this is not a sign of a sustained economic recovery. The increase was mainly due to a number of large orders that were booked in January. Furthermore, the effects of the ‘corona crisis’ are expected to be clearly reflected in the order figures.

VDMA e.V.
http://www.vdma.org/en/v2viewer/-/v2article/render/47388811

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