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German machinery and equipment manufacturing orders fell by the most in history in February
The German Machinery and Equipment Manufacturers Association released the latest statistics in Frankfurt on April 1, saying that the number of orders for the German machinery and equipment manufacturing industry in February this year recorded the largest drop in more than 50 years. Statistics show that the number of orders for the German machinery and equipment manufacturing industry in February actually fell by 49% year-on-year. This was the largest drop in the statistic's more than 50-year history. Among them, the number of orders for wood processing, foundry, metallurgy and steel rolling equipment fell particularly sharply. At the same time, the association also lowered its production forecast for the German machinery and equipment manufacturing industry this year from -7% to -10% to -20%. German machinery and equipment manufacturing has always been a leader in international trade. At the same time, the industry is the largest employer in German industry. At present, there are 5,920 enterprises in this industry in Germany, and the number of employed people at the end of 2008 reached 975,000.