04
Jan
15:34
Economic lull hurts German engineering industry
The sustained downturn in the global economy is leaving its mark on the German mechanical and plant engineering sector, says its federation VDMA.
In the first ten months of 2023, the sector’s production was still comparatively robust thanks to high order backlogs and fewer bottlenecks in the supply chain, growing 0.9% on-year. "However, after the first two quarters contributed to growth, machine production in the third quarter fell short of the previous…
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Anonymous
Very good overview of the weekly steel market.
Anonymous