German machinery manufacturing reproduces optimistic outlook

Krigenberger, chairman of the German Machinery Manufacturers Association, announced: “The situation last year was that it would be difficult to say even if it is barely enough to maintain new orders. But this year, although the increase in orders in January is -3%, this indicates that this industry A good start."
Although Germany's machinery manufacturing industry encountered difficulties last year, it has performed well. Although all the early forecasts were negative, the industry still won a growth year in 2001. With the number of employees remaining unchanged, the turnover created a new record of 133 billion euros. Exports also made impressive achievements. Exports grew by 9%, and exports reached a record of 86 billion euros.
Krienberg believes that after the "9.11" incident, the economic recovery will be delayed for another 4 to 6 months. It is expected that the German machinery industry will continue to usher in the peak of order quantity at the beginning of this year, and that the fourth quarter of production will also show growth. At the same time, he also worried that the government's policies will have an adverse impact on the development of the industry and will make growth a bubble. As the German election year, this year’s parliamentary elections may delay the implementation of the anti-regulation reform in the job market. This is one of the worrying policy factors.