Germany: the output value of the machinery manufacturing industry may continue to decline

Germany: the output value of the machinery manufacturing industry may continue to decline

Karl Martin Welk, Chairman of the German Machinery and Equipment Manufacturing Association, said on December 10 that it is difficult for machinery manufacturing as a pillar industry in Germany to quickly get out of the predicament. The output value in 2019 is expected to decrease by 2% from the previous year, and it is expected to decline further by 2% in 2020 . (Source: Xinhuanet)