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A good half year for German machine tool industry

Issued at 2014-09-25



Thanks to healthy domestic demand, in the first half of 2014, the German machine tool industry maintained its production output at the previous year's high level of around 6.5 bn euros. 


Up to July, order bookings had risen by 7 per cent. Important momentum is coming from abroad. For the year's second half, the sector is expecting a reversal of roles between domestic and foreign demand.
America and Eastern Europe are the determinant factors in demand from abroad.


According to a survey commissioned by the VDW, it's primarily orders from America and parts of Europe that are responsible for the upturn. Russia exhibits a substantial fall in orders, with a minus of 40 per cent. While business with Asia is also faltering: potent markets like China, South Korea and Thailand still ordered fewer machine tools in Germany during the year's first half than in the preceding year's equivalent period.


Source: Aluplanet



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