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German machine tool orders rebounded in the second quarter 2015

  • Author:Abrasives Network
  • Source:China Abrasives Network
  • Release on:2017-08-17
German machine tool machine tool orders in the second quarter 2015 compared to last year, an increase of 10%. Domestic orders rose by 3%, foreign orders increased by 14%. German machine tool orders rose by 6% in the euro area, non-euro orders grew 16%. And 2014 compared to the first half of 2015 slightly depressed market machine tool orders, domestic orders fell by 8%, foreign orders rose 6%.
After a drop in 2015 first quarter, the second quarter orders rose slightly. In this regard, the German Machine Tool Association, said Wilfried Sch?fer, Managing Director, fall and rise two quarters basically maintained the financial balance. Order growth in the second quarter, mainly due to an increase in foreign trade orders.
In addition, second-quarter growth impetus came mainly from the non-euro zone. China orders increased slightly in Asia; Korea and ASEAN are orders increased focus areas; while orders from the US economy is less. Eurozone in the second quarter compared to the first quarter orders and, double-digit growth trend, mainly due to Spain and Italy by investment incentives, the domestic machine tool industry demand began to recover.
Machine tool sales in the second quarter, a slight increase over the first quarter, on the whole unchanged. Wilfried Sch?fer commented: To achieve the 2015 target of 3% growth, the current situation still has confidence. German machine tool industry has maintained a good development momentum, and most customers are export-oriented; the European market as a whole is weak and German price competitiveness is highlighted. After two down, IFO business climate index began to recover; temporarily ease the situation in Greece is also conducive to the development of the German economy.
Germany to maintain a high level of employment, it also means that the future development of good German machine tool industry. It may have 72,800 people are employed in the machine tool industry, an increase of 2.3% compared with the same period last year of employment.