German machine tool sales revive in Q1 2023 | ||
According to the VDW ( German machine- |
“ Overall , we are seeing a decline in the |
“ We are expecting orders to stabilise in the |
tool builders ’ association ), orders received by |
difficulties with which our industry has had |
second half of the year ,” confirmed Schäfer . |
the German machine tool industry in the first |
to contend ,” Schäfer explained . China has |
A major advantage is the ongoing and sizeable |
quarter of 2023 were 11 per cent down in |
ended its zero-COVID policy and supply chain |
backlog of orders stretching ahead almost |
nominal terms on the same period last year . |
tensions are now beginning to ease . This is |
twelve months , he added . According to the |
Orders from Germany declined by 18 per cent |
allowing key customer sectors , such as the |
latest forecast , this will enable production to |
whereas those from overseas fell by eight per- |
automotive industry , to produce more again ( it |
grow by the same amount in 2023 as in the |
cent . Overall , this represents a decline of |
has suffered from a lack of microchips ). As a |
previous year i . e . a 10 per cent increase to |
17 per cent in real terms . |
result , sales picked up again in the first quarter . |
15.5 billion euros . |
“ However , given the many financial burdens |
The 20 per cent increase , or 11 per cent in real |
The German machine tool industry ranks |
( such as the energy crisis , high inflation , |
terms , reflects these factors . |
among the five largest specialist groupings |
increased interest rates and the overall |
Numerous developments , outlined the |
in the mechanical engineering sector . It |
weakness of the economy ) it is encouraging |
VDW , are also leading to raised levels of |
provides production technology for |
to note that the latest figures from March |
investment : the ongoing trend towards |
metalworking applications in all |
show a halt in the downward trend in orders ,” |
automation ; increasing digitalisation levels ; |
branches of industry . In 2022 , with an |
commented Dr . Wilfried Schäfer , Executive |
booming electromobility ; the build-up of |
average of 64,100 employees ( firms |
Director , VDW . Orders from overseas , he |
capacity in the critical infrastructure triad |
with more than 50 staff ), the sector |
added , are proving much more stable than |
( e . g . chips , batteries ); extensive investment |
produced machines and services |
those from the domestic market . Impetus |
in climate protection ( e . g . heat pumps ); the |
worth around 14.1 billion euros . n |
is coming , in particular , from the non-euro |
expansion of renewable energy sources and |
|
countries , where large-scale orders are playing an important role . |
rising defence spending .
Right : Dr . Wilfried Schäfer , Executive Director , VDW .
|
www . vdw . de |
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