Customs dispute brakes orders
Dampers for mechanical engineering: fewer orders in April
Was that with the hoped -for trend reversal in abroad? The quarterly balance of the export -oriented industry was still positive. Now trade conflicts are beaten.
Dampers for Germany’s machine and plant manufacturers in April: The escalation of the customs dispute ensures a decline in the new orders after an encouraging first quarter. The industry association VDMA still accounts for a slight order plan of one percent for the same period for the same period for the first four months of 2025. However, the uncertainty remains at a high level worldwide and concern for reservation of investment, summed up the chief economist of the Association of German Machine and Plant Construction (VDMA), Johannes Gernandt.
In April, according to VDMA, the industry posted 6 percent fewer new orders than a year earlier. Orders in Germany remained 4 percent below the level of the same month. Abroad, the minus was 7 percent, with the decline in business with non-euro countries with minus 13 percent particularly clear.
“In view of the many customs threats and customs announcements by US President Donald Trump and the great uncertainty caused, this was a expected damper,” Gernandt ordered. “It is all the more important that we move the course that we can set in Germany and Europe ourselves properly.” The Federal Government must quickly follow its announcements to strengthen Germany.
dpa
Source: Stern
