VDW announced the latest numbers for the German machine tool industry. The positive outcome is not least due to a very successful EMO Hannover trade fair, VDW says.
In the third quarter of 2017, order bookings at the German machine tool industry rose by 13 % compared to the previous year’s equivalent period. Domestic orders were up by 31 %, exports by 5 %. In the first three quarters of 2017, total order bookings increased by 3 %. Domestic orders were down by 2 %. Order bookings from abroad rose by 5 %, with metal-cutting and forming technologies performing equally well, VDW, the German Machine Tool Builders’ Association, announced.
For the orders from abroad, both euro and non-euro nations ordered in the year’s third quarter 5 % more than in the equivalent period of 2016. The eurozone is continuing its sustained upturn phase, driven by the markets of Southern Europe, like Spain, France and Italy. The major lead markets of China and the USA are doing very well too. In the wake of China, the other Asian markets are likewise recovering. VDW says.
In October, the sector’s capacity utilisation was running at almost 92 %. Total payroll most recently came to 70,360 employees, and was thus 3 % up on the preceding year.
Domestic orders rose by 46 %
Dr. Wilfried Schäfer, Executive Director of the sectoral confederation VDW (German Machine Tool Builders’ Association): “The gratifying upturn in our orders is even more marked in the most recent figures. In September, orders in all three categories showed a double-figure rise, thus recording the steepest growth in the ongoing year. Domestic orders, in particular, soared by 46 %, thus compensating almost entirely in a single month for the losses recorded during 2017 so far. This means the turnaround we expected for the year’s second half is well under way. What we’re seeing here is not least the effects of a highly successful EMO Hannover, which triggered a substantial volume of orders,” he adds.
“The sector is optimistic for the future. Over the year as a whole, we are anticipating a rise in production output of 3 %“, emphasises the VDW’s Executive Director Dr. Schäfer. “Automation, digitalisation, or the shift in the automotive industry’s value added chain away from the manufacturers and towards the component suppliers, offer major opportunities, but will also necessitate substantial effort on the part of the companies involved if they are to make successful use of them”, he says in conclusion.