Order intake in mechanical engineering 1st half-year 2022 - Positive result despite gloomy mood
The weakness of the global economy is also leaving its mark on the machinery and plant engineering sector. In June, new orders fell by 9 percent in real terms compared with the same month of the previous year.
The weakness of the global economy is also leaving its mark on the mechanical and plant engineering sector. In June, incoming orders fell by 9 percent in real terms compared to the same month last year. Domestic orders were down 11 per cent, while customers from abroad ordered 8 per cent less (euro countries: minus 18 per cent, non-euro countries: minus 4 per cent). "After the mood indicators have deteriorated considerably in the past months, the minus in June is hardly surprising," says VDMA chief economist Dr Ralph Wiechers. The disruptions in the global supply chains continue to weigh on business, as do order cancellations as a result of the war in Ukraine.
"For the first half of the year, however, the order books show a small overall increase of 2 per cent, which was mainly driven by foreign orders. Many customers still want to invest in new machines and plants, even if restraint is increasing. Nominal turnover in the industry therefore grew by 7 per cent in the first half of the year," Wiechers explains.
For the second quarter of 2022, companies recorded a decline in orders of 2 percent in real terms compared to the previous year. Domestic orders fell by 8 per cent from April to June inclusive, while orders from abroad increased by 1 per cent. Euro countries increased their orders by 3 per cent in this period, while orders from non-euro countries stagnated.