As an important service, VDMA Armaturen offers member companies regular updates on key industry facts relating to the building and industrial valves industry.
The USA and China remain top of the mechanical engineering export rankings in 2024. Overall, exports fell by a nominal 5 percent to just under 200 billion euros.
Weak global trade and a lack of investment will result in an 8% drop in mechanical engineering production in 2024. A trend reversal will probably not set in until 2025.
The industry's key figures at a glance.
Production development is a key indicator in economic analysis. It shows the current performance of an industry. Forecasts are also often made with regard to production. VDMA economists therefore always keep a close eye on this indicator.
