Production is now expected to decline by 5% in real terms year-on-year, VDMA said. It previously forecast output would likely contract by 2%.
(Reporting by Thomas Seythal, editing by Thomas Escritt)
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German engineering industry association VDMA on Thursday lowered its production forecast for this year, pointing to factors including the coronavirus pandemic.
Production is now expected to decline by 5% in real terms year-on-year, VDMA said. It previously forecast output would likely contract by 2%.
(Reporting by Thomas Seythal, editing by Thomas Escritt)
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175.3 EUR | +0.76% | +1.31% | 145B | ||
70.8 EUR | -0.28% | +2.46% | 12.18B | ||
47.14 EUR | +0.62% | -0.15% | 6.54B | ||
44.2 EUR | -0.23% | +0.45% | 3.72B | ||
4.49 EUR | -0.73% | -2.98% | 3B | ||
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-0.50% | 7.05B | |
+2.54% | 75.22B | |
+19.47% | 69.31B | |
+17.11% | 35.76B | |
+14.26% | 31.18B | |
+9.43% | 28.24B | |
+9.81% | 27.04B | |
+5.14% | 26.04B | |
+13.06% | 24.07B | |
+12.01% | 23.39B |