08
Aug
15:58
German mechanical engineering sees no downtrend reversal
Orderbooks at German machine builders suffered a visible drop in the first half-year and will not recover anytime soon, says mechanical engineering federation VDMA. The regular sentiment reports from VDMA (Verband der Maschinen- und Anlagenbauer) are a barometer for investment activity in manufacturing industries, not only in Germany.
In the first six months of the year, order intake was 14% lower than in the first half of 2022.
Domestic orders fell by 11%, and fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous