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The graph shows that the German Machine Tool Industry is still on course for further growth

Machine Tools German machine tool industry continues to grow

Jan 25, 2017

The German machine tool industry’s order bookings rose by 8 percent compared to the preceding year’s equivalent period. Also, domestic orders were down by 14 per cent, while demand from abroad increased by 22 percent.

VDW (German Machine Tool Builders’ Association) recently highlighted some interesting facts about the German machine tool industry. According to them, in the third quarter of 2016, the German machine tool industry’s order bookings rose by 8 percent compared to the preceding year’s equivalent period. Also, domestic orders were down by 14 percent, while demand from abroad increased by 22 per cent. Further, in the first nine months of 2016, order bookings were up by 11 per cent compared to the preceding year. Additionally, domestic orders showed a slight rise of 2 per cent while demand from abroad is up by 16 per cent. Speaking on this, Wilfried Schäfer, ED, VDW, said, “In the year’s third quarter, our sector has been able to build on the encouraging business trends of 2016’s first half. The good order situation here is being crucially boosted by demand from abroad. This applies for the Eurozone and to an even greater extent for the non-eurozone.”

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