German machinery and equipment manufacturing annual growth forecast 6%

The German Machinery and Equipment Manufacturers Association (VDMA) announced on September 13 that the industry's full-year growth forecast has been raised from the previous 3% to 6%.

Association Director-General Hesse stated that the significant increase in orders over the past few months was the main reason for the upward adjustment of the forecast value. At present, more and more countries are supporting the economic growth of Germany, and the strongest driving force comes from developing countries and threshold countries in South America and Asia. , such as Brazil, China and India.

Association Director-General Hesse stressed that the economic development in Germany was better than expected in the first half of the year. Although the output of the machinery and equipment industry grew only slightly by 0.5 percentage points, the decline momentum at the beginning of the year has been completely reversed since March and the rapid growth resumed in July. An increase of more than 7%.