By September 2019, incoming orders had declined by a total of 9.5 percent, mainly due to domestic orders, while foreign orders only fell by 2.9 percent. Domestic orders were up 58.8 percent in September last year. Overall, however, the outlook remains subdued.
The Japan Construction Report is provided by the VDMA team in Tokyo. It contains news of the construction, glass and ceramics industry of Japan and is published monthly in German. The most recent report can be downloaded from this website.
September fell short of the previous year's order intake level by a total of 19 percent and is thus the 11th month in a row without growth. The decline of 31 per cent in Germany was particularly noticeable. Foreign countries are unable to cushion the decline, as they are also recording a minus (11 per cent, of which EUR -17 per cent, NEUR -8 per cent).
A sharp 11 percent increase in orders from the euro partner countries brightened the sky for the German mechanical engineering sector a little bit in September. In September 2019, companies recorded a 4 percent decline in orders in real terms.
A rapid economic upswing is not in sight for the mechanical engineering industry, but companies are using difficult times to get in shape. A trade agreement between the USA and China would bring a noticeable tailwind.
New orders in the German mechanical engineering sector also fell in July, but the pace of the decline slowed compared with the previous months. Orders fell 3 percent short of the previous year's level in real terms, with domestic orders down 4 percent and orders from abroad down 3 percent.
VDMA President Carl Martin Welcker describes the economic outlook for 2019, explains the demands made by the mechanical engineering industry on policy and explains the importance of reducing bureaucracy and tax cuts for the future of the sector.
In May 2019, incoming orders in the mechanical engineering sector in Germany fell again by 7 percent in real terms. While domestic demand almost stagnated (minus 1 percent), orders from abroad were 9 percent down on the relatively high prior-year level.
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