German electronics industry's orders fell 2% in February

November 10 15:09:07, 2023

The German electronics industry remained optimistic as orders fell. The German Electrical and Electronics Manufacturers Association (Zentralverband Elektrotechnik und Elektronikindustrie) announced in Frankfurt on Thursday (April 5) that the business outlook for the second half of the year is good, and that the number of people who are optimistic about the industry outlook is more than the number of people who are pessimistic. double.
Despite this, orders in February fell by nearly 2% year-on-year. The order volume of the German electronics industry has risen by nearly one-fifth in a year ago. In contrast, the industry's turnover in February rose by 3% to 14 billion euros.
Andreas Gontermann, chief economist at the German Electrical and Electronic Manufacturers Association, said: "Like last month, domestic sales have grown stronger than abroad." German electronics industry's turnover increased by 6% last year, and orders increased by 7 %.

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