Industryweek 4022 Machine Tools 1 Promo
Industryweek 4022 Machine Tools 1 Promo
Industryweek 4022 Machine Tools 1 Promo
Industryweek 4022 Machine Tools 1 Promo
Industryweek 4022 Machine Tools 1 Promo

Weak Export Demand Hits German Machine-tool Sector

March 27, 2013
'Domestic orders showed a small plus, thanks to a big-ticket order. Foreign business was hit by weakish demand from the euro partner countries, while orders from non-euro countries stagnated,' industry association said.

FRANKFURT -- Falling export orders hurt Germany's key mechanical engineering sector in February, despite a slight increase in domestic orders, the industry federation said on Wednesday.

Incoming orders were unchanged in February compared with the same month in 2012, the VDMA association said, with domestic orders rising by 2%, while export orders fell by 1%.

"Domestic orders showed a small plus, thanks to a big-ticket order. Foreign business was hit by weakish demand from the euro partner countries, while orders from non-euro countries stagnated," said VDMA chief economist Ralph Wiechers.

Taking a three-month comparison to iron out short-term fluctuations, overall orders rose by 1% in the period from December to February, with foreign orders up 2%, while domestic orders declined by 1%, VDMA calculated.

Copyright Agence France-Presse, 2103

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!