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Ukraine war to impact engineering production in Germany
The war in Ukraine will have a significant impact on mechanical and plant engineering. According to the latest VDMA flash survey, 85% of companies see the war as a serious or noticeable risk to their business. The VDMA is therefore lowering its production forecast for 2022 to plus 4% in real terms.Read more
German firms more pessimistic about India than 6 months back, says VDMA survey
2019 was not necessarily the best year for the mechanical engineering sector in India. Many German companies were hoping for a better year in 2020, but COVID 19 pandemic shattered all such hopes.Read more