German machinery and equipment manufacturing slump

The slump in the world economy has also affected the machinery and equipment manufacturing industry in Germany. This year's 2 to 4 month reduction in orders for the German machinery and equipment manufacturing industry is a proof.

According to the report of the German Federation of Machinery and Equipment Manufacturing Federation in Frankfurt, the order for German machinery and equipment in April this year was reduced by one percentage point from April last year. The domestic and foreign orders are slightly different. Due to the signing of several big orders, the domestic order volume increased by 3%, while the foreign order volume decreased by 4%.

In general, there are some ups and downs in the order volume from February to April every year. This is a normal phenomenon, but the orders for this period have been significantly reduced, which shows the seriousness of the problem. During the three-month period from February to April, the total amount of orders for machinery and equipment manufacturing in Germany decreased by 3%, of which the domestic decline was 1%, and the foreign decrease was 5%.