A key factor affecting the reduction in exports is most likely due to the strong dollar making U.S. manufacturers less competitive in the global marketplace. Germany exports of construction equipment fell by 25 percent in last year compared to last year , following a 15-quarter decline for the industry, according to U.S. Department of Commerce . According to Benjamin Duyck , the association’s director of market intelligence, the decline likely comes as increased dollar valuations have made US manufacturers less competitive in the global marketplace. He added that expectations for the current quarter are “subdued” due to the “global economic malaise”.
Germany exports of construction equipment fell by 25 percent in last year compared to last year , following a 15-quarter decline for the industry, according to U.S. Department of Commerce . According to Benjamin Duyck , the association’s director of market intelligence, the decline likely comes as increased dollar valuations have made US manufacturers less competitive in the global marketplace. He added that expectations for the current quarter are “subdued” due to the “global economic malaise”.