Olaf Wortmann: Order intake September 2024
In September 2024, incoming orders in the mechanical and plant engineering sector fell by 4% compared to the previous year, mainly due to a 16% decline in domestic orders. Foreign orders remained stable thanks to large-scale plant business, with orders from euro countries rising by 4% and orders from non-euro countries falling by 1%. From January to September 2024, total orders fell by 8%, with domestic orders down 15% and foreign orders down 5%. In the third quarter of 2024, companies recorded a 1% drop in orders. Olaf Wortmann from the VDMA explains the weak domestic demand with the uncertainty of companies and the lack of business-friendly measures from the government.
Further information on incoming orders in September 2024 can be found in our press release “Weak domestic demand and special effects abroad”.
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