Economy: Manufacturer, reports, information at INDUSTRIAL Production

ZVEI: Exports robust so far

Exports in the German electrical and digital industry rose by 11.7% year-on-year to EUR 21.4 billion in September 2022.

Igus cracks the billion mark in sales

11.11. traditionally marks the start of carnival in Cologne. This year, Igus has two reasons to celebrate, as the Cologne-based plastics specialist reached the one billion mark in sales for the first time on this day.

Opinion

Indicator ...

... of the industrial economy is the machine tool industry. If the manufacturing industry is skeptical about the future, machine manufacturers are usually the first to feel the effects: customers cancel or postpone their orders.

German economy

Sentiment clouds over

According to the ifo Institute, the mood in the German economy has deteriorated. Rising energy prices and the threat of gas shortages continue to worry the German economy. Export expectations have also deteriorated.

ifo forecast

Russian attack dampens economic recovery

The Russian attack on Ukraine and the sharp rise in energy prices are dampening the economic recovery in Germany. The ifo Institute has cut its economic growth forecast for this year to 2.5 percent, down from 3.1 percent as forecast in March.

Business climate

Lowered expectations in March

According to the Ifo Institute, the mood in the German economy has collapsed. The business climate index plummeted to 90.8 points in March, down from 98.5 points (seasonally adjusted) in February. Companies rate the business outlook as uncertain.

Annual balance sheet

Dividend 2021 - uncertainty 2022

The Schaeffler Group achieved an excellent result in 2021. The Industrial division was particularly successful. The war in Ukraine makes forecasts for 2022 impossible.

Ukraine war

VDMA: "Sanctions affect large parts of the mechanical and plant engineering industry"

Commenting on the current sanctions in the context of the war in Ukraine, VDMA Managing Director Thilo Brodtmann says: "First and foremost, we are concerned about the well-being of the people in Ukraine. This also results in the challenge of contributing to an end to the violence with effective and consistent sanctions.