Table: German engineering sector predicts major impact on orders from coronavirus

DMG Mori AG

05/03/2020 09:00

BERLIN, March 5 (Reuters) - Germany's VDMA engineering
association on Thursday said it had a "surprisingly good start"
to the year but warned of supply chain disruptions due to the
coronavirus outbreak, which it said would have a significant
impact on bookings in the coming months.
    Orders in January rose by 7% year-on-year in real terms,
VDMA said, adding that the rise was mainly attributable to some
large orders.
    "We have to expect disruptions along the supply chain from
China to Germany," VDMA's chief economist Ralph Wiechers said.
    He pointed to the fact that China is the sector's
second-largest customer and the source of many components for
German-made machinery.
    

           January                 CHANGE IN PERCENT
           overall                       +7% y/y
       of which German                  +11% y/y
               foreign                  +5% y/y
      November-January             CHANGE IN PERCENT
           overall                      -5% y/y
       of which German                  -3% y/y
           foreign                      -6% y/y
 
 (Reporting by Thomas Seythal)
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