Published On: Thu, Apr 16th, 2009

German’s machinery order intake down by half in February

Germany’s order intake on mechanical and plant engineering received in February, according to the country’s representing body VDMA, was down 49% year on year.

Statistics show foreign clients demand fell by 50%, while domestic demand decreased by 45%. From December 2008 to February 2009, the drop in orders amounted to 44%.

VDMA also estimates the machinery output will fall by between 10% and 20% in real figures this year, instead of 7%, a forecast the association made previously.

 

Source: plastics.2456.com