German engineering orders fall 11% year-on-year in October - VDMA

German engineering orders fall 11% year-on-year in October - VDMA
FILE PHOTO: German car manufacturer Porsche assemble sports cars at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. Ralph Orlowski -
Ralph Orlowski(Reuters)
Text size Aa Aa

BERLIN (Reuters) – German engineering orders fell by 11% in October year-on-year as many customers are holding back on investments due to global economic worries, the VDMA industry association said on Wednesday.

“The latest signs of hope for an end to the German industry’s economic downturn are not yet having an effect on the order books of mechanical engineering companies,” VDMA’s chief economist Ralph Wiechers said in a statement.

(Reporting by Thomas Seythal, editing bz Thomas Escritt)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.