German engineers coping with strong euro-VDMA

Newswire

DUESSELDORF, Germany, Dec 20 (Reuters) - The euro's strength against the dollar is dampening German engineering firms' exports to the United States but this is more than offset by growth in other areas, industry group VDMA said on Thursday. The euro hit a record high of nearly $1.50 last month. A stronger euro makes German exporters' goods more expensive outside the 13-nation single European currency area. The VDMA also confirmed its forecast for 5 percent growth in production volume in ...

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