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Nov 22, 2019

German robotics set to shrink for first time in decade

Posted by in categories: engineering, finance, robotics/AI

Germany’s prized industrial robotics and automation sector is expecting a drop in sales this year for the first time since the global financial crisis, an industry body said on Friday.

The Mechanical Engineering Industry Association (VDMA) is expecting sales to fall by five percent to 14.3 billion euros ($15.8 billion) this year.

This would be the first drop since the 32-percent plunge seen in 2009 in the wake of the crisis.

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