5 June 2020, 09:10
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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