Production is now expected to decline by 5% in real terms year-on-year, VDMA said. It previously forecast output would likely contract by 2%.
(Reporting by Thomas Seythal, editing by Thomas Escritt)
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
36.99 EUR | +1.45% | -1.70% | -1.88% |
German engineering industry association VDMA on Thursday lowered its production forecast for this year, pointing to factors including the coronavirus pandemic.
Production is now expected to decline by 5% in real terms year-on-year, VDMA said. It previously forecast output would likely contract by 2%.
(Reporting by Thomas Seythal, editing by Thomas Escritt)
Price
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Change
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5d. change
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Capi.
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178.6 EUR | +0.57% | +0.69% | 150B | ||
69.88 EUR | +1.34% | -0.36% | 11.97B | ||
44.15 EUR | +2.72% | -0.59% | 6.07B | ||
43.05 EUR | -0.58% | -2.04% | 3.68B | ||
4.975 EUR | +2.87% | +3.91% | 3.24B | ||
1st Jan change | Capi. | |
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-1.88% | 6.94B | |
+13.22% | 84.57B | |
+16.38% | 68.92B | |
+12.13% | 34.99B | |
+19.98% | 33.27B | |
+12.78% | 28.93B | |
+3.33% | 26.78B | |
+2.38% | 25.51B | |
+17.68% | 24.82B | |
+16.37% | 24.6B |