September figures: More orders for mechanical engineers
14 percent more orders in September, mainly from domestic customers: For the mechanical engineering industry, this is a glimmer of hope. However, the strong increase has a catch.
German machinery and plant engineers received a significant increase in orders in September, with a 14% rise compared to the previous year, according to the VDMA industry association. Domestic orders surged 22%, while foreign orders grew 11%. The nine-month order growth is 5%, and VDMA's chief economist, Johannes Gernandt, hopes this will lead to a 3% production increase next year. However, the association expects a fourth consecutive year of production decline in the current year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
