. . . back in July. From an item found on Investopedia:
According to Siemens, there has been “significant deterioration” in both Europe and China, with conditions getting notably worse in the past two months. With Europe representing 15-40% of many large industrial companies’ revenue base and China representing a major growth market, this is a serious development – not only for Siemens, but also for a range of companies from ABB to General Electric to Emerson, just to name a few.
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