Machine tool industry
VDW: Incoming orders down by 22 percent
According to the VDW, incoming orders in the German machine tool industry fell by 22% in the second quarter of 2019 compared to the same period of the previous year. Domestic orders fell by 28%, while orders from abroad dropped by 18%.
Incoming orders fell by 21% in the first half of 2019. The domestic market was down 19 percent and the international market 23 percent. "Orders in the second quarter were once again a good fifth down on the strong previous year," said Dr. Wilfried Schäfer, Executive Director of the VDW (German Machine Tool Builders' Association), Frankfurt am Main, commenting on the result. The base effect can no longer hide the fact that investments in mechanical and plant engineering are declining worldwide, Schäfer continued.
The machine tool industry cannot escape the causes that are plunging the entire global economy into turbulence and have already been named many times "We are in good company among international suppliers. Orders for machine tools have collapsed worldwide. Many countries are now having to pay the price for what international politicians are doing on a daily basis," says Schäfer.
As a supplier of capital goods and equipment to industry, the machine tool industry is exposed to pressure from the weak demand from its largest customer sectors, the mechanical engineering and automotive industries, which are additionally unsettled by the long-delayed transformation process towards new drive technologies and are cutting back on investments.
Within the triad, the Europeans are still holding up best. According to the VDW, orders from eurozone countries "only" fell by 5 percent in the first six months, while orders from non-eurozone countries fell by 28 percent. as
You might also be interested in
VDW erhöht Produktionsprognose 2018
Deutsche Werkzeugmaschinenindustrie startet durch
Im ersten Quartal 2018 stieg der Auftragseingang der deutschen Werkzeugmaschinenindustrie laut VDW im Vergleich zum Vorjahreszeitraum um 22 Prozent. Dabei legten die Bestellungen aus dem Inland um 39 Prozent zu. Die Auslandsorders wuchsen um 15...
read more...German industry under pressure
Industry association cancels growth forecast
The Federation of German Industries (BDI) believes that German industry remains under pressure and expects stagnation instead of growth. At the same time, the association is emphasizing the industry's innovative strength at the Hannover Messe.
read more...Why eleven federal states are calling for the use of low-emission steel in the automotive industry
Heads of federal states put pressure on Brussels: Eleven German federal states appeal to the EU to promote low-emission steel in the automotive industry more strongly. The German Steel Federation supports the initiative as an important lever for...
read more...Setting the course for Germany's technological future
The Federal Cabinet adopted the microelectronics strategy today. Germany wants to become a leader in microelectronics. The Federal Government's new strategy: bundling topics such as research, skilled workers and production in order to strengthen...
read more...European elections FSK 16
Good news: over the past 20 years, voter turnout in European elections in Germany has risen continuously - from 43.0% to just under 64.8% recently. I like the idea of allowing young people aged 16 and over to participate in politics in the form of...
read more...Democracy project
Many people are taking to the streets these days because they are fed up with right-wing hatred and populism. Industry is also aware of its social responsibility. "Transformation as the project of the century" is the title of a paper published...
read more...Artificial intelligence in Germany
Microsoft invests 3.2 billion euros in AI infrastructure
Microsoft has announced the largest investment in its 40-year history in Germany to accelerate the possibilities and benefits of artificial intelligence (AI) in the country.
read more...Plagiarius 2024 negative prize
On January 26, 2024, the Plagiarius campaign awarded its dreaded "Plagiarius" negative prize for the 48th time to manufacturers and retailers of particularly brazen counterfeits and fakes.
read more...100 years of Conrad Electronic
One hundred years of change
Conrad Electronic celebrated its centenary on June 21, 2023 with a gigantic event in the spirit of change. 400 high-ranking guests from business and politics as well as long-time Conrad companions were invited to the logistics center in...
read more...