Germany’s VDMA: Coronavirus expected to impact China-Germany supply chains, production

Dhwani Mehta FXStreet

The Mechanical Engineering Industry Association (VDMA) in Germany, said in its latest report published on Thursday, coronavirus expected to impact China-Germany supply chains, production.

Additional points

German January engineering orders +7% y/y in real terms (domestic orders +11%, foreign orders +5%).

The increase in German engineering orders mainly attributable to some large orders.

EUR/USD flirting with daily highs around 1.1140

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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