German engineering exports will likely fall further in 2020 after dropping 1.5% ...
FILE PHOTO: Containers are seen at a terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer
BERLIN - German engineering exports will likely fall further in 2020 after dropping 1.5% in real terms in 2019, engineering industry association VDMA said on Thursday. VDMA said the mechanical engineer sector could not escape the impact of a weak industrial production worldwide, adding that international trade disputes, protectionism, Brexit and structural changes in the auto industry hit exports.
“In view of the current mechanical engineering orders, a renewed decline in exports is likely for 2020 as a whole,” VDMA economic expert Olaf Wortmann said in a statement. Coronavirus impact on exports to China cannot yet be estimated, but the virus risk will not alter the importance of the Chinese market to German engineering companies, VDMA added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
German grandma builds wheelchair ramps from LegoFaced with rows of inaccessible shops and cafes, wheelchair user Rita Ebel has d...
Consulte Mais informação »
Hit German '90s Movie Run Lola Run Is Getting a Bollywood RemakeThe original film came out in 1998
Consulte Mais informação »
Shooting in German city leaves at least eight people dead: reportShooting in German city of Hanau leaves at least eight people dead, Bild newspaper reports
Consulte Mais informação »
Police say 8 killed in shootings in the German city of HanauHANAU, Germany (AP) — Eight people were killed in shootings in the German city of Hanau on Wednesday evening, authorities said. Two hookah lounges reportedly were targeted. Authorities were...
Consulte Mais informação »
8 dead after shooting in German city of Hanau: PoliceDEVELOPING: Eight people have been shot to death in the German city of Hanau, authorities say. Police have launched a large-scale search for the suspects.
Consulte Mais informação »