March 12, 2020 / 9:00 AM / 19 days ago

German engineering industry lowers 2020 production outlook

BERLIN, March 12 (Reuters) - 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)

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