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Orgalim Economic Report - Europe’s technology industries hit hard by coronavirus at a most vulnerable time

Manufacturing in the Euro-area experienced a substantial deterioration in its business cycle as the impact of COVID-19 hit both the demand and supply sides of the technology industry.

In the industries represented by Orgalim – a substantial part of Europe's total industry – the reduction in output was unprecedentedly strong, overtaking that experienced during the financial crisis of 2008-2009. 

Read the new economic report, highlighting the impacts of COVID-19 and the unprecedented steep decline it has caused for Europe’s technology industries.

Source: CECE - Committee for European Construction Equipment

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