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 ...
Sign in to access
this Article
"German engineers coping with strong euro-VDMA" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
