2014 German machinery manufacturing sector is expected to grow 3% increase

International Online reports (Reporter Zheng An): According to the German Machinery and Equipment Manufacturers Association released the latest forecast data, in 2014 the German machinery manufacturing sector will grow by 3%. Germany Trade & Invest's experts say, mainly due to strong exports and stable economic growth.

Data show that in 2010 and 2012, the German machinery production of the actual growth of up to 24%. Experts expect that in 2013 the German machinery production value will reach 195 billion euros (flat with 2012), the turnover will hit a record 217 billion euros. Meanwhile, in 2012, Germany has managed to keep the field of machinery manufacturing export champion title.

August this year, production-oriented enterprises in the German production increased significantly, mainly due to the production of capital goods increased. The German Federal Government expects 2014 GDP growth of 1.7%.

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