Germany

Foreign orders remain strong

| Editor: Franziska Breunig

In October, incoming orders in the German mechanical and plant engineering sector grew by 9 per cent in real terms compared to the previous year. Orders from abroad increased by 10 per cent.
In October, incoming orders in the German mechanical and plant engineering sector grew by 9 per cent in real terms compared to the previous year. Orders from abroad increased by 10 per cent. (Source: Deposit Photos)

VDMA reports that the biggest momentum came from euro partner countries. An increase of 17 per cent was recorded in this region, while orders from the non-euro countries grew by 8 per cent.

VDMA, the German-based Mechanical Engineering Industry Association is one of the largest industry associations in Europe. The association reports that the biggest momentum came from euro partner countries. An increase of 17 per cent was recorded in this region, while orders from the non-euro countries grew by 8 per cent. “It is clear that business in the mechanical engineering industry is currently being driven by exports,” explained VDMA economics expert Olaf Wortmann.

European Commission against product piracy

Europe

European Commission against product piracy

12/26/2017 - The fight against product piracy is one of the most pressing problems affecting the mechanical engineering industry. The industry therefore welcomes the latest package of measures by the European Commission (EC), which calls for strict consistency in the protection of intellectual property rights across all member states. read...

Tracking the market

Domestic demand in October also grew by 7 per cent. “However, there were strong fluctuations during the entire year, which even included double-digit negative growth rates. A clear upwards trend cannot be identified,” says Wortmann.

Comparing the three-month period (August to October) to the same period last year revealed a 10 per cent rise in real terms in incoming orders. Foreign orders excelled with an increase of 13 per cent, while domestic orders rose by 6 per cent.

This article was first published on MM International.

Comments are being loaded ....

Leave a comment

Discuss anonymously or log in Log In

Avatar
  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 45073679 / Markets)