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Month: March 2025

German Machine Tool Industry Reports Muted 2024 Annual Results

Orders received by the German machine tool industry in the fourth quarter of 2024 were 7 percent down on the previous year’s figure. Orders from both Germany and abroad fell by similar amounts: 7 percent and 6 percent, respectively. In 2024 as a whole, incoming orders declined by 19 percent. Domestic orders were 9 percent down on the previous year, while orders from abroad fell by 24 percent.

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