German engineering orders fall 15% y/y in November – VDMA
German engineering orders in
November fell by 15% in real terms from the previous year,
industry association VDMA said on Thursday.
In the less volatile three-month comparison, orders dropped
by 10% in real terms year-on-year in the September-November
period.
Last month, VDMA said the German engineering sector was not
expected to increase its production before the second half of
2020.
November fell by 15% in real terms from the previous year,
industry association VDMA said on Thursday.
In the less volatile three-month comparison, orders dropped
by 10% in real terms year-on-year in the September-November
period.
Last month, VDMA said the German engineering sector was not
expected to increase its production before the second half of
2020.
November CHANGE IN PERCENT
overall
Posted by Reuters
