VDB: marked orderbook expansion
The German Railway Industry Association (VDB) reported sales of EUR 11 billion in 2017. Turnover in Germany grew by 10.5% to EUR 6.3 billion, and the number of employees in the industry rose by 1.2%. In contrast, the railway industry’s exports sank from EUR 6.1 billion in 2016 to EUR 4.7 billion in 2017.
The VDB said: “The tendency towards market protectionism is increasing worldwide – and that made itself felt here.” Despite this, Germany's railway industry retained its leading position in terms of inbound orders. (ben)