03
Apr
15:57
German mechanical engineering orders plummet, seen bottoming out
German mechanical engineering orders plummeted in 2023, and a slight improvement towards year-end cannot be considered a change of trend, Kallanish hears from the industry’s association, VDMA (Verband der Maschinen- und Anlagenbauer).
Orders were 12% lower than in 2022 in real terms, adjusted for inflation, VDMA states, but does not give a money value. “The big markets, Europe, the USA and China, are lacking the confidence for a sustained economic upsw…
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Anonymous
Very good overview of the weekly steel market.
Anonymous