Order books burdened by uncertainty
In September, the order intake in the machinery and plant engineering sector only maintained its previous year's level; it was not enough to achieve the same rate of growth as in previous months.
"Companies are feeling the uncertainty of customers due to the many trade sanctions and protectionist announcements worldwide," explains VDMA Chief Economist Dr. Ralph Wiechers. In total, orders from abroad fell by 2 percent in real terms, with a decline of 1 percent in the euro zone and 2 percent fewer orders from non-euro countries. Domestic orders, on the other hand, rose by 6 per cent. "This is a gratifying figure, but it would have been somewhat lower without the orders from large-scale plant business," analyses Wiechers.
"Companies are feeling the uncertainty of customers due to the many trade sanctions and protectionist announcements worldwide".
In a three-month comparison from July to September 2018, orders were up 3 percent in real terms on the previous year. Domestic orders increased by 8 percent during this period, while orders from abroad rose by 1 percent. Orders from the euro zone grew by 3 percent, orders from non-euro countries by 1 percent.