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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177.6 EUR | +2.26% | +2.69% | 149B | ||
69.95 EUR | +0.94% | +2.72% | 12.04B | ||
44.2 EUR | 0.00% | +0.23% | 3.72B | ||
43.81 EUR | -0.75% | -7.04% | 6.13B | ||
4.733 EUR | +6.17% | +4.99% | 3.15B | ||
1st Jan change | Capi. | |
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-0.72% | 7.06B | |
+11.73% | 82.35B | |
+20.17% | 71.09B | |
+20.89% | 37.72B | |
+15.77% | 32.01B | |
+9.19% | 27.2B | |
+3.18% | 26.74B | |
+4.22% | 26B | |
+16.93% | 25.5B | |
+17.14% | 24.76B |