German machinery equipment orders drop

According to the latest data, in July this year, orders for machinery and equipment in Germany fell by 5% year-on-year, with domestic orders falling by 4% and foreign orders falling by 6%.

In the second quarter of this year, German machinery orders decreased by 1% year-on-year, with domestic orders falling by 4% and foreign orders by 1%. In the first half of the year, German machinery orders fell by 1%, domestic orders fell by 6%, and foreign orders increased by 1%.

Wei Xisi, chief economist of the German Machinery and Equipment Manufacturing Association, said that the German machinery and equipment manufacturing industry must continue to pressure. Domestic orders reflect the current sluggish investment activity in Germany and the machinery orders of the euro partner countries are not too optimistic. As far as the economic stability of the euro area is concerned, the 19% drop in investment production currently faces great difficulties. At present, the world economy is weak, and non-eurozone demand has begun to fall into the falling range.

Although several months ago, despite the decline in German machinery orders, they were mainly controlled by domestic orders. Foreign orders have been in the growth range, and foreign orders began to decline from the level in May. From the average of three months, the growth of foreign orders also declined. ; German machinery industry grew weak during the year.