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.
Germany's mechanical engineering sector saw a boost in exports in June, which helped limit losses in the first half of the year. According to the VDMA industry association, exports of machinery and plants totaled €99.3 billion from January to June, a nominal decrease of 0.8% and a price-adjusted decline of 2.5% compared to the same period last year.
The VDMA's Anke Uhlig attributed the decline to geopolitical tensions, US trade policy, and weak business in China. Despite a strong June with 6.8% export growth, exports to China plummeted by almost 14% to €7 billion, while exports to the US rose by 0.5% to €13 billion and those to the EU increased by 1.3%.
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.
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