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The German machinery and equipment manufacturing industry will have a bright future next year

by:Gewinn     2022-05-19
Wittenstein, chairman of the German Machinery and Equipment Manufacturing Federation, said in an interview with the media a few days ago that the prospect of the German machinery manufacturing industry in 2009 is still optimistic, and the output value will still increase by 5%. Wittenstein predicts that the output value of the German machinery manufacturing industry will reach a record 190 billion euros next year, and sales will also increase in parallel. At the same time, he admitted that high oil prices and a strong euro had a great negative impact on Germany's machinery manufacturing exports. The prosperity of the German machinery industry has declined. Data show that in May this year, factory orders in the German machinery and equipment manufacturing industry fell by 12%, the largest decline since 2005. But the industry's total orders from January to May were still up 6% over the same period last year. Last year, German machinery manufacturing output increased by 11%.
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