German engineering sector ups output growth view

MUNICH, Sept 13 (BestGrowthStock) – Germany’s VDMA engineering
sector association doubled its forecast for 2010 production
growth to 6 percent, citing strong new orders from emerging
markets in South America and Asia.

“The upswing is being supported from more and more
countries,” VDMA head Hannes Hesse told reporters on Monday.

Business developed better than expected in the first half,
he said. Production rose just half a percentage point in real
terms, but has been steadily rising since March. Initial
estimates put output growth in July at over 9 percent.
(Reporting by Irene Preisinger; Writing by Michael Shields)

German engineering sector ups output growth view