Turnaround materialises for German machine tool orders

Turnaround materialises for German machine tool orders

EMO Hannover

Lantek Sheet Metal Solutions

Turnaround materialises for German machine tool orders

 In the third quarter of 2017, order

bookings at the German machine tool industry rose by 13 per cent compared

to the previous year’s equivalent period. Domestic orders were up by 31 per

cent, exports by 5 per cent. In the first three quarters of 2017, total

order bookings increased by 3 per cent. Domestic orders were down by 2 per

cent. Order bookings from abroad rose by 5 per cent, with metal-cutting and

forming technologies performing equally well

“The gratifying upturn in our orders is even more marked in the most recent

figures,” comments Dr. Wilfried Schäfer, Executive Director of the sectoral

confederation VDW (German Machine Tool Builders’ Association) in Frankfurt

am Main. In September, orders in all three categories showed a

double-figure rise, thus recording the steepest growth in the ongoing year.

Domestic orders, in particular, soared by 46 per cent, thus compensating

almost entirely in a single month for the losses recorded during 2017 so

far. This means the turnaround we expected for the year’s second half is

well under way,” says Dr. Schäfer. “What we’re seeing here is not least the

effects of a highly successful EMO Hannover, which triggered a substantial

volume of orders,” he adds.

For the orders from abroad, both euro and non-euro nations ordered in the

year’s third quarter 5 per cent more than in the equivalent period of 2016.

The eurozone is continuing its sustained upturn phase, driven by the

markets of Southern Europe, like Spain, France and Italy. The major lead

markets of China and the USA are doing very well too. In the wake of China,

the other Asian markets are likewise recovering.

In October, the sector’s capacity utilisation was running at almost 92 per

cent. Total payroll most recently came to 70,360 employees, and was thus 3

per cent up on the preceding year.

“The sector is optimistic for the future. Over the year as a whole, we are

anticipating a rise in production output of 3 per cent“, emphasises the

VDW’s Executive Director Dr. Schäfer. “Automation, digitalisation, or the

shift in the automotive industry’s value added chain away from the

manufacturers and towards the component suppliers, offer major

opportunities, but will also necessitate substantial effort on the part of

the companies involved if they are to make successful use of them”, he says

in conclusion.

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