The hottest July German manufacturing orders incre

2022-10-19
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German manufacturing orders increased in July to offset recession concerns

German manufacturing orders increased in July to offset recession concerns

China Construction machinery information

data recently released by the German Federal Bureau of statistics showed that new orders in Germany's manufacturing sector in July increased by 4.6% over the previous month, while the data in June was negative 2.7%. The data with a larger diameter is rarely used for industrial and civil construction. It shows that after the completion of the German manufacturing industry in July, it will focus on the systematic research on the use of science and technology in the field of lightweight carbon fiber composites for automobiles. Orders from abroad increased by 6.9%, of which new orders from the euro area increased by 1.7%

danielenkett, a market expert from the German Federal Foreign Trade and investment agency, said, The main areas driving the growth of manufacturing orders are "We export capital goods, machinery and engineering manufacturing to India, Canada and Thailand, which shows that the demand from foreign markets such as the European Union and China may offset the weak domestic demand and the negative impact of sanctions against Russia.

according to the data in the first half of the year, the export of German construction machinery fell by 0.9%. Considering the strong euro during this period, the export to Russia fell by 20%, and the reduced demand from emerging market countries Su, this is already a good result. He said that the German economy is likely to resume growth in the third quarter, which is a positive signal for the whole of Europe

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