Germany's engineering association out with their post-Brexit report 30 June
- May total machine orders -4% yy
- domestic orders yy +8%
- foreign orders yy -10%
VDMA chief economist says there will definitely be negative impact but too soon to say how much.
The VDMA is one of the largest industrial associations in Europe and represents over 3,100 member companies in the engineering industry. Its members include mainly small and medium-sized companies but also large companies such as Siemens ,MAN SE and ThyssenKrup.
The association covers the entire engineering sector: everything from component manufacturers, machine builders, plant erectors, system suppliers and system integrators through to service providers.
