Post by jonksy on Sept 16, 2023 23:35:06 GMT
Forcast to go even further up shit creak. in 2024..
German engineering production to fall further in 2024- VDMA association
BERLIN (Reuters) - Germany's engineering association (VDMA) expects production in the sector to extend its decline next year, falling 2% dragged by weak orders domestically and abroad, its Chief Economist Ralph Wiechers said.
Wiechers confirmed VDMA production forecast for 2023 of a 2% drop, adding that losses in the second half of the year would eat up the 1.7% growth recorded in the first six months.
"2024 will be a kind of transition year," Wiechers told Reuters.
Wiechers confirmed VDMA production forecast for 2023 of a 2% drop, adding that losses in the second half of the year would eat up the 1.7% growth recorded in the first six months.
"2024 will be a kind of transition year," Wiechers told Reuters.
