Mechanical engineering companies struggle with falling orders

German mechanical engineering companies also recorded fewer orders in November.

Orders fell by 14 percent compared to the same month last year, the German Engineering Federation (VDMA) announced on Wednesday. Domestic orders were seven percent lower, while orders from abroad fell by 17 percent. The association pointed out that several orders for large-scale plants had been booked in the previous year. In the period from January to November, the drop in orders amounted to three percent.

(Report by Tom Käckenhoff, edited by Myria Mildenberger. If you have any queries, please contact our editorial team at [e-mail] (for politics and the economy) or [e-mail] (for companies and markets).)