German automation and robotics firms suffer amid tariffs, competition
MUNICH (DPA, CONVERSEER) – The German robotics and automation industry expects its turnover to slump by 10% to €14.5 billion (about $16.5 billion) in the current year. “The growth outlook for all sub-sectors is currently gloomy until the end of the year,” said Dietmar Ley from Germany’s Robotics and Automation Association (VDMA) on Monday. US tariffs…