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21 Jun

German machinery exports further decline in Q1

Mechanical and plant engineering companies in Germany recorded a further decline in exports in the first quarter of 2024, says their federation, VDMA. The nominal decline amounted to 4.6% compared with the previous year, according to latest figures by the Federal Statistics Office. Adjusted for prices, the result was 7.0% below the previous year's figure. A total of €50 billion ($55 billion) worth of machinery and equipment was exported. Deliveries to th…
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