Electrical Industry Defies Weakness in Trade with Usa and China

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Despite declines in the two largest sales markets of the USA and China, the German electrical industry is growing again. This has above all one reason.

Hospodárske Noviny

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The German electrical and digital industry saw its exports increase in July for the third month in a row. In monetary terms, the value of exports rose by 6.1 percent to 21 billion euros compared to the same period last year, the German electrical and electronics industry association ZVEI announced on Monday. The DPA agency reports. Exports to the eurozone rose by ten percent to 6.8 billion euros, said ZVEI chief economist Andreas Gontermann. On …