German machinery orders increased slightly year on year

Comprehensive German media reports, according to the German Machinery and Equipment Manufacturers Association (VDMA) recently released data in June, the German mechanical engineering industry orders up 2 percent, domestic orders fell 14 percent, foreign orders rose 10%. In the quarter rose 32 percent, based on the 2-quarter orders for the industry to continue to grow 14%. Professional trade association analysis, the German mechanical engineering domestic orders decreased significantly, indicating that the future of Germany and its partners in the euro area manufacturing investment growth will be slow.