none

STRONG PERFORMANCE FROM GERMAN MACHINE TOOLING

02-08-2016
by 
in 

Accompanying strong manufacturing growth from the UK, the German machine-tooling industry is also in good form, growing in orders and exports inside and outside the Eurozone.

This growth is primarily from the second quarter of 2016, where order bookings rose by 16% compared to the same time the previous year. Domestic orders rose by 19%, and exports by 14%.

In the full first half of 2016, total bookings and orders rose by 12%.

“The year’s second quarter, too, signals a green light for an overall rise in orders during the current year,” said Dr. Wilfrid Shafer, Executive Director of the industry organization VDW (German Machine-Tool Builders’ Association).

“Our business is running significantly better than we expected at the beginning of the year. The sector can point to a sound, balanced performance over the year’s first half.”

Employment remains at a high level. This is an indication that the German machine tool manufacturers, despite cyclical fluctuations, are keeping themselves fit to face the challenges of the future.

Related news & editorials

  1. 21.05.2018
    21.05.2018
    by      In
    Queensland engineering firm Fibercon is claiming a milestone in recycling, having reused more than 50 tonnes of plastic waste.
    The plastic has been used in the company’s Emesh product, which replaces steel mesh in reinforced concrete. The technology was codeveloped with researchers from Queensland’... Read More
  2. 18.05.2018
    18.05.2018
    by      In
    The latest edition of the Methods technology and solutions e-zine from Mouser Electronics focuses on digital twinning, the latest concept for design and maintenance in Industry 4.0.
    Starting with a forward from digital twinning expert Dr Michael Grieves, Executive Director of the US Center for... Read More
  3. 17.05.2018
    17.05.2018
    by      In
    The Federal Government has released an expanded overview of its 12-year national research infrastructure investment plan, marking the “next step of the innovation and science agenda”.
    The plan, prepared jointly by Education and Industry departments, will “provide Australian researchers with access... Read More
  4. 17.05.2018
    17.05.2018
    by      In
    Victoria’s Marand has grown its customer base, securing a partnership with Rolls-Royce for construction of the MT30 gas turbine for the SEA 5000 Future Frigate project.
    Under the agreement, Marand will work with Rolls-Royce on design development, manufacture and integration of the specialised... Read More