German engineering recovery not expected before H2 of 2020 - VDMA
10/12/2019 09:00
BERLIN, Dec 10 (Reuters) - The German engineering sector is
not expected to increase its production before the second half
of 2020, lobby group VDMA said on Tuesday, as the world economy,
trade conflicts and the car industry's transformation have lead
to a decline this year.
"Our industry is not in crisis, but many customers are
worried and are currently delaying or stopping investments,"
VDMA said in a statement.
The industry association confirmed its outlook for 2020,
with production expected to decline 2% year-on-year.
(Reporting by Thomas Seythal in Berlin and Tom Kaeckenhoff in
Duesseldorf; editing by Tassilo Hummel)
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