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Germany machinery sector to see fourth year of decline
BERLIN: Germany’s machinery and equipment industry is expected to shrink for a fourth consecutive year in 2026, with production forecast to fall 2percent in real terms, the VDMA said on Thursday, cutting its earlier forecast of stagnation. The downgrade reflects weak output this year, with production down 4.1percent in the first seven months from a year earlier, despite signs that demand was improving. However, the sector group said 2027 should mark a turning point, forecasting real production growth of 3percent. “The improved order situation and slightly brighter expectations suggest producti...
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