German machinery and equipment industry new orders decreased for three consecutive months

New orders in the German machinery and equipment industry fell by 8% month-on-month in July, the third consecutive month of decline. It can be seen that the impact of the global economic contraction has begun to appear in the German machinery industry. According to a recent report by the German 'Financial TimesThe boom in the industry has waned. He pointed out that compared with the same period last year, orders from abroad fell by 11%, while domestic orders fell only 1%. Orders from Russia, India and China remained unchanged, while orders from the United States and European countries decreased significantly. With the gradual decline of the global economic climate, it is difficult to predict the order trend of the above-mentioned developing countries. In 2007, the double-digit growth in the output value of the industry has become an unattainable peak.