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09 Jan
17:01

German mechanical engineering stayed on course in 2022

The German mechanical and plant engineering industry “stayed on course with great effort in the unexpectedly heavy seas of 2022”, and enters 2023 with some confidence, says its association, VDMA. Preliminary figures feed VDMA’s estimates of achieving 1% real production growth in 2022, and nurture relative optimism for the coming year. Although it foresees a decline in output by 2% in 2023, “this is a far cry from the setbacks of previous ye…
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