VDMA trade association sticking to 2022 forecast

Enough orders to keep plants busy into the second half of 2023

The German Engineering Federation (VDMA), headquartered in Frankfurt, twice scaled back its production forecast for the German machinery and plant construction sector as a whole during the first half of 2022 and now only expects a slight increase of 1% in 2022. By contrast, the VDMA Woodworking Machinery Association...

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