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Order bookings and turnover remain at a higher level

Specials German machine tool industry performing valiantly

Dec 1, 2015

In the third quarter of 2015, order bookings in the German machine tool industry fell by 1%, compared to the preceding year’s equivalent period. Domestic orders rose by 9%, while demand from abroad was down by 7%. In the first nine months of 2015, order bookings stagnated compared to the previous year. Domestic orders fell by 3%, with demand from abroad up by 1%. According to Dr Wilfried Schäfer, Executive Director—VDW, Frankfurt, “In the year’s third quarter, our sector was boosted by orders from Germany itself and from the Eurozone. Western Europe proved to be the motor for demand in the German machine tool industry. The Americas, by contrast, were disappointing, with orders down across the board. Asia, as a whole, scored with modest growth. Good business with South Korea & Japan, however, was offset by a substantial minus in orders from China, the biggest market.”

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