Artema indicator remains at a good level in Q2

The Artema Global Indicator remained at a good level at the end of June 2021 despite a slight drop due to a base effect.

Since June the comparison is no longer done with devastated months (linked to the first lockdown enter March and May 2020), but with months of gradual activity recovery (June 2020).

The situation for all of Artema's professions is considered satisfactory, although there are still strong disparities.

Some professions will most likely catch up to the 2019 level before the end of the year, while others are aiming for 2022. In March 2021, all professions including mechanical power transmissions, sealing, bearings and fasteners will see their economic situation improve, but at significantly different speeds and levels.

For hydraulic and pneumatic transmissions, activity is in full swing, with monthly order records being broken which leads to a general feverishness that is sometimes a little disconcerting. Turnover figures which reached the 2019 level have returned in June, nevertheless on the semester basis, a gap remains with the level before the health crisis.

Building fasteners, gearboxes and more recently bearings for industry are also experiencing a very dynamic situation. Linear guides have had a good first half of 2021 but are still far from 2019.

The agricultural machinery, food processing and packaging machinery, pharmaceutical and medical sectors are still the leading customer sectors. Aeronautics is gradually being revived with the helicopter business and with more and more medium-haul aircrafts. The aerospace sector is doing well. The automotive sector, burdened by the shortage of semi-conductors, is falling back into a very difficult period.

Overall, projects exist, order books are full and the second half of the year is seen favourably.

A great deal of caution remains as the general feverishness of orders is still present, some customers are overstocking, and the raw materials and supply situation, particularly of electronic components, represent factors to be closely monitored.