Mechanical and plant engineering
Strong increase in orders in the 1st quarter
The order books in the mechanical and plant engineering sector filled up strongly in March. Orders increased by 29% in real terms compared to the previous year.
It was not only the international market that recorded a significant increase of 34%, the domestic market also posted a pleasing result (plus 20%). "On the one hand, the coronavirus pandemic already left its first traces in the order books in March of last year, so the basis for comparison is correspondingly low. On the other hand, companies are now benefiting from the fact that incoming orders are clearly accelerating," explains VDMA Chief Economist Dr. Ralph Wiechers. Orders from the eurozone were particularly strong in March (up 43%), while orders from non-euro countries increased by 30%.
For the first quarter of 2021 as a whole, this results in real growth in incoming orders of 9% compared to the previous year. Domestic orders remained unchanged in this period, while orders from abroad increased by 15%. An increase of 18% was recorded from euro countries, while orders from non-euro countries rose by 13%. "It is also positive that the orders are significantly increasing the utilization of machine capacities again," added the VDMA chief economist. While the figure was still at 79.9% in January, it reached 86.3% in April, slightly exceeding the long-term average of 86.1% for the first time since July 2019. "At the same time, however, production bottlenecks due to shortages of key supplies increased. This is sand in the gears of an otherwise pleasing recovery," warns Wiechers.








