Economy: Mechanical engineering saves six months with strong exports in June
Strong exports in June have given the crisis-ridden German mechanical engineering tailwind and limited losses in the first half of the year
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Summary
Strong exports in June have given the crisis-ridden German mechanical engineering tailwind and limited losses in the first half of the year. In contrast, exports to China collapsed by almost 14 percent in the first half of the year to a good seven billion euros. From January to June, machinery and equipment worth 99.3 billion euros were exported, as the industry association VDMA announced in Frankfurt.
Furthermore, The industry is looking at the second half of the year with mixed feelings: “The recent recovery in exports to the US remains subject to an uncertain customs policy,” said VDMA economic expert Uhlig. As a result, exports declined by 0.8 percent in nominal terms compared to the same period last year, with a loss of 2.5 percent in price-adjusted terms. “Geopolitical tensions, the US tariff policy and the continued weak business in China have weighed on machine exports in the first half of the year,” said VDMA economic expert Anke Uhlig. Business with the EU grew slightly, thanks to key markets such as France and the Netherlands.
In addition, However, a largely stable second quarter and a strong increase in exports of 6.8 percent in June would have dampened the half-year decline. «In order to broaden the export markets, industry needs further free trade agreements and a more efficient European internal market.» © dpa-infocom, dpa:260821-930-561497/1.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
Strong exports in June have given the crisis-ridden German mechanical engineering tailwind and limited losses in the first half of the year.
reliability low1/3 sourcesIn contrast, exports to China collapsed by almost 14 percent in the first half of the year to a good seven billion euros.
reliability low1/3 sourcesFrom January to June, machinery and equipment worth 99.3 billion euros were exported, as the industry association VDMA announced in Frankfurt.
reliability low1/3 sourcesThe industry is looking at the second half of the year with mixed feelings: “The recent recovery in exports to the US remains subject to an uncertain customs policy,” said VDMA economic expert Uhlig.
reliability low1/3 sourcesAs a result, exports declined by 0.8 percent in nominal terms compared to the same period last year, with a loss of 2.5 percent in price-adjusted terms. “Geopolitical tensions, the US tariff policy and the continued weak business in China have weighed on machine exports in the first half of the year,” said VDMA economic expert Anke Uhlig.
reliability low1/3 sourcesBusiness with the EU grew slightly, thanks to key markets such as France and the Netherlands.
reliability low1/3 sourcesHowever, a largely stable second quarter and a strong increase in exports of 6.8 percent in June would have dampened the half-year decline.
reliability low1/3 sources«In order to broaden the export markets, industry needs further free trade agreements and a more efficient European internal market.» © dpa-infocom, dpa:260821-930-561497/1
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“In order to broaden the export markets, industry needs further free trade agreements and a more efficient....”
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