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Germany, machinery production +1% in 2014 and +2% in 2015

Sales,record levels.Number of employees never so high since 1993

22 October, 09:12
(ANSA) - BERLIN - Despite the international economic crisis and war scenarios in Ukraine and the Middle East, the sales of German industrial machinery manufacturers will continue to grow this year, hitting a new record. In 2014, industry will reach 210 billion in revenues, with a real increase by 1%, whereas in 2015 the turnover is expected to grow by 2%. ''We are not going 'backwards', but we're growing'', said Reinhold Festge, president of the Association of VDMA producers today in Berlin.

And the effects can be seen also on employment: in August, for the first time since 1993, over 1 million workers were recorded in the sector, 18,000 more than in the same month last year.

(ANSA).

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