German machine exports to the EU remain stable
German industry exported 43.8 billion euros in machinery in the first quarter of 2019 - 2.1% or 42.9 billion euros more than in the same period last year. The number of orders nevertheless declined.
9 Jun 2019 Barbara RuschShare
Although
While exports to the largest single market, the USA, grew significantly by 10.4%, exports to China rose by only 0.4% compared to the same period of the previous year. Exports to Russia fell by 13% due to the weak domestic economy and sanctions policy, while exports to Turkey fell by 9.6% due to the recession and the decay of the lira.
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