The German machine tool industry experienced a decline in orders during the first quarter of 2024, with international orders dropping significantly. Dr. Markus Heering of the VDW attributes this to lingering uncertainties and delayed investments. Despite the downturn, there are signs of potential recovery in the second half of the year.
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The German machine tool industry saw a drop in orders in Q4 2023, with domestic orders and international orders falling. Despite a nominal increase in demand throughout 2023, the sector experienced a real-term decline over the year, attributed to global economic stagnation and weak performance in key markets.