German machinery and equipment manufacturing will record high this year

According to the German "Business Daily," the German machinery and equipment manufacturing industry has a better production situation this year. The domestic market has also begun to pick up as foreign markets have been prosperous. The German Association of Machinery and Equipment Manufacturers expects that German machinery and equipment production will record highs this year, and the output value will increase from 145 billion euros in 2005 to 155 billion euros or even higher. In 2007, although the world economy will slow down, the production of machinery and equipment in Germany will still grow by 2%. At present, the rate of investment in the United States has temporarily slowed down. Although the investment in Germany has been reduced, investment will continue.