BERLIN (Reuters) - German engineering orders fell by 4% in September in real terms from the previous year as trade conflicts and a declining global investment appetite weigh on orders for German goods, engineering industry association VDMA said on Wednesday
“We do not see the strains easing as a consequence of the many trade disputes and increasing protectionism,” VDMA chief economist Ralph Wiechers said in a statement.
VDMA said orders were 8% lower in the first nine months of 2019 than in the same period of the previous year.
In the less volatile three-month comparison, orders dropped by 8% in real terms year-on-year in the July-September period.
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