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Order intake in mechanical engineering June 2017- VDMA

The mechanical engineers in Germany are in a good mood in the second half of the year. In the first half-year of 2017, incoming orders rose by a real 4 percent.

The mechanical engineers in Germany are in a good mood in the second half of the year. In the first half-year of 2017, incoming orders rose by a real 4 percent. The increase in foreign orders of 5 percent was mainly driven by the increase in orders from the Euro partner countries (plus 12 percent, non-euro countries plus 3 percent).

Domestic sales showed a slight increase of 1 percent in the first half of the year.”Overall, we are satisfied that the upturn is gaining momentum and has captured nearly the entire range of machine construction. There are only a few branches that complain about orders, “commented VDMA-Chefvolkswirt Dr. Ralph Wiechers’s location. For the first time since 2012, capacity utilization in German mechanical engineering was again above the long-term branch average of 87.8 percent. “We are confronted with our forecast increase to 3 percent increase in production in the full year 2017,” emphasized Wiechers. 

In June, order intake in German mechanical engineering rose by a real 2 percent compared to the previous year. Demand from non-euro countries in particular (+ 11%) contributed to this. “The euro zone – minus 12 per cent – weakened on the other hand due to an exceptionally good prior-year figure,” explained Wiechers. “The orders from the domestic market – minus 3 percent – still have caught up,” added the VDMA Chief Volkswirt. 

In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent. In June, order intake in German mechanical engineering rose by a real 2 percent compared to the previous year. Demand from non-euro countries in particular (+ 11%) contributed to this. “The euro zone – minus 12 percent – weakened on the other hand due to an exceptionally good year-on-year figure,” explained Wiechers. “The orders from the domestic market – minus 3 percent – still have caught up,” added the VDMA Chief Volkswirt. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent.

Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent. In June, order intake in German mechanical engineering rose by a real 2 percent compared to the previous year. Demand from non-euro countries in particular (+ 11%) contributed to this. “The euro zone – minus 12 percent – weakened on the other hand due to an exceptionally good year-on-year figure,” explained Wiechers. “The orders from the domestic market – minus 3 percent – still have caught up,” added the VDMA Chief Volkswirt. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent.Demand from non-euro countries in particular (+ 11%) contributed to this. “The euro zone – minus 12 percent – weakened on the other hand due to an exceptionally good year-on-year figure,” explained Wiechers. 

“The orders from the domestic market – minus 3 percent – still have caught up,” added the VDMA Chief Volkswirt. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent. Demand from non-euro countries in particular (+ 11%) contributed to this.”The euro zone – minus 12 percent – weakened on the other hand due to an exceptionally good year-on-year figure,” explained Wiechers. “The orders from the domestic market – minus 3 percent – still have caught up,” added the VDMA Chief Volkswirt. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. 

Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent. The VDMA Chief Volkswirt added. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent. The VDMA Chief Volkswirt added. In the three-month comparison between April and June 2017, order intake in the German machine tool market grew by a real 5 percent. Euro and non-euro countries each recorded an increase of 10 per cent, while the domestic market showed a decline of 4 per cent.

For Further Details Contact:
Dr. Ralph Wiechers, VDMA Chefvolkswirt,
Tel: 069 6603 1371
E-Mail:ralph.wiechers@vdma.org

Source: VDMA

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