This speaks to the continued struggle in Germany's manufacturing sector, which is the key economic driver for Europe's largest economy. According to the VDMA, around 40% of German manufacturers see revenue continuing to fall in the current year with 23% expecting stagnation.Meanwhile, almost a third of companies are rating their present situation as being "bad" or "very bad" while only 29% are rating it as "good" or "very good".VDMA economic analyst, Ralph Wiechers, says that:"Quite a few companies had pinned their hopes on a positive second half of 2024. However, in terms of incoming orders, these hopes have not materialised for many." This article was written by Justin Low
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