Economy: Mechanical engineering saves the half-year with strong exports in June
US tariffs, economic downturn in Germany and Chinese competition are putting mechanical engineering under pressure. But in June, exports are growing strongly. Even one of the weak spots among the sales markets is recovering.
Germany's mechanical engineering sector saw a boost in exports in June, limiting losses in the first half of the year. The industry exported 99.3 billion euros worth of machinery and plants from January to June, a nominal 0.8% decrease from the same period last year. Exports to the US stabilized in the second quarter, rising 0.5% to nearly 13 billion euros, while exports to China plummeted 14% to around 7 billion euros.
The European Union market saw a 1.3% increase, driven by growth in France and the Netherlands. The industry remains cautious about the second half of the year, citing uncertainty over US trade policy and challenges in China.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
