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

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