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4 March 2010 German Machine Tool Industry Order Bookings Climbing
In the fourth quarter of 2009, reports the VDW (German Machine Tool Builders’ Association), order bookings in the German machine tool industry increased for the first time in five quarters. Overall, orders were up 12% over the preceding year’s equivalent period. Domestic orders were down 16%, but customers abroad ordered 38% more. The German machine tool industry lost 55% of its order volume in the recession year of 2009, with reference to the boom year of 2008. In this comparison, the domestic market showed a fall of 61%, while exports were down by 50%. Nonetheless, the VDW is confident that a recovery is under way. “In December, order bookings were up for the fourth month in succession,” observes Dr. Wilfried Schäfer, executive director of the VDW. That was not due solely to the exceptionally low figures in the preceding year. On the contrary, Schäfer says, the level of orders has climbed by 60% since the summer of 2009. Growth is being driven by demand from abroad, particularly from China, and by project business, for both forming and machining technology. The German machine tool industry is among the largest industries in the country’s mechanical engineering sector. It supplies production technology for metalworking to all branches of industry, and makes a crucial contribution toward advancing manufacturing productivity. Owing to this key position, its development is an important indicator for the economic dynamism of the industrial sector generally. In 2009, German machine tool manufacturers produced machinery and services worth €9.9 billion. That represented a fall in production output of 30%, following a historic high in 2008. For further information: VDW Verein Deutscher Werkzeugmaschinenfabriken
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