Industryweek 5710 Machine Tool Promo
Industryweek 5710 Machine Tool Promo
Industryweek 5710 Machine Tool Promo
Industryweek 5710 Machine Tool Promo
Industryweek 5710 Machine Tool Promo

German Machine-tool Orders Down in October

Dec. 2, 2013
Orders were down by 10% compared to last year, with export orders tumbling by 14% and domestic orders down by 2%.

FRANKFURT -- Falling export demand dented Germany's key mechanical engineering sector in October, the VDMA industry federation said Monday.

The manufacture of machine tools is an important part of Germany's industrial and export performance.

Overall incoming orders were down by 10% % in October compared with the level in same month in 2012,  with export orders tumbling by 14% and domestic orders down by 2%.

"The decline in foreign orders is primarily attributable to slim demand from non-euro members and is possibly a reaction to currency turbulence in a number of developing countries," said the federation's chief economist Ralph Wiechers.

"Orders from the euro partner countries fared better," he added.

Taking a three-month comparison to iron out short-term fluctuations, overall orders were down by 4% in the period from August to October, with foreign orders falling by 8%, while domestic orders rose by 6%, VDMA calculated.

Copyright Agence France-Presse, 2013

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!