In focus: The topics of VDMA Agricultural Machinery
The VDMA Agricultural Machinery Association anticipates extremely subdued development on the global agricultural machinery markets in 2024.
In light of Trump’s tariffs, analysts highlight ASEAN’s risks from trade tensions but remain optimistic about the region's resilience. Singapore’s semiconductor industry stays cautious, exporters diversify suppliers and customers amid uncertainties.
Even though incoming orders increased slightly in the first quarter of the year, forecasts for the mechanical engineering sectors remain cautious. The uncertainty is too great - especially with regard to the USA's customs policy.
High uncertainty weighs on demand for capital goods.
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