Machinery makers from Germany experienced a 9% drop in their order flow for the first month of 2019. On the domestic market, it represents a slight decrease of 5%. However, when looking at orders from overseas, it fell by 11% in total, and by 22% from the euro partner countries.
These numbers should be taken with a grain of salt since the orders from these same countries increased by 22% last December. “This shows how much the monthly figures can fluctuate,” says VDMA economic expert Olaf Wortmann
Moreover, the order intakes from the Euro Zone were noteworthy in January 2018, while the orders from non-euro countries were down by 6%.
“The mechanical engineering sector is feeling the effects of the economic downturn. In addition, the possible risks that have been with us for some time now are having more and more effect,” says Olaf Wortmann.
Looking closer at what happened on a 3-month period from November 2018 to January 2019, the order situation is as follow:
- Overall: – 6%
- Domestic: – 6%
- International: -5%
- Euro Zone: -2%
- Non euro Countries: -7%