Breaking even in September

Kessler

Incoming orders in mechanical engineering in September were on a par with those in the same month of last year. Domestic orders saw an increase of two percent (rounded), while orders from abroad stagnated.

Incoming orders in mechanical engineering in September were on a par with those in the same month of last year. Domestic orders saw an increase of two percent (rounded), while orders from abroad stagnated. Orders from EU partner countries increased slightly again, however. There was a slight fall in orders from countries outside the EU. “This means that we broke even in September,” explains VDMA Chief Economist Dr. Ralph Wiechers.

In contrast, the weak summer was much more noticeable when comparing the three-month period from July to September, with orders falling by seven percent in real terms compared to last year. The drop in domestic orders was 12 percent, while foreign orders decreased by four percent. This means that there was no growth in the first three quarters. “Demand for machinery remains too weak to generate growth. Our international competitors are facing the same problem. There is no sign of the worldwide investment goods cycle,” sums up Wiechers.

 

 

“Demand for machinery remains too weak to generate growth."

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