04
Jun
15:59
German mechanical engineering sees some light
After 1.5 months of continuous decline, orders for mechanical and plant engineering in Germany rebounded year-on-year for the first time in April. Compared to April 2023, orders rose by 10%, Kallanish learns from industry federation VDMA.
Domestic orders were up 3%, while orders from abroad rose by 13%. Growth from non-euro countries was particularly strong, at 19% while orders from the eurozone inched up only 1%.
VDMA chief economist Ralph Wiechers notes that so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous