The German Mechanical Engineering Association, VDMA, has recalibrated its expectations for the sector's future, shedding light on both positive and concerning aspects. Despite a more favorable performance than anticipated until summer, the looming shadows of 2023 and 2024 indicate a downturn, with projections of 1% and 4% contractions, respectively.

IMO the next ''recalibration'' will see -5 - -8% for 2024.