Dr. Ralph Wiechers: Machinery exports 2024
German machinery and equipment manufacturing companies suffered noticeable losses on foreign markets in 2024. According to preliminary calculations by the Federal Statistical Office, the nominal decline in exports was 5.0 per cent compared to the previous year. In total, machinery and equipment worth 199.6 billion euros was exported. Adjusted for prices, machinery exports were 7.1 per cent below the previous year's level. This largely corresponded to the decline in production in the mechanical engineering sector of (provisionally) 7.5 per cent in real terms.
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