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The low trade growth from 2012 onwards was often interpreted as a new normality. However, economic factors also seem to play an important role.
The OECD's TiVA database offers insights into mechanical engineering
In Sweden, the partner country of this year's Hannover Messe Industrie, Germany has been the leading foreign machine supplier for years. The local mechanical engineering sector started the year 2019 with full order books.
German machinery exports in December 2018 were 3.2 percent lower than in the same month of the previous year in nominal terms.
In 2019, global machine turnover is expected to grow by 3 percent in real terms.
What happens when the population declines and the workforce dwindles? The robots come. Production and imports to Japan are growing significantly.
German machinery exports in November 2018 were nominally 0.6 percent higher than in the previous year.
The mechanical engineering industry in China feels the economic downturn. Sentiment indicators are showing contraction in activity. But structural adjustments were partly responsible for heterogenous developments. Further prospects depend on fiscal stimulus and trade talks.
The results of the VDMA Business Climate Survey India for Autumn 2018 are now available.
The mechanical engineering industry is cautiously optimistic about the year 2019. Growth in the sector is expected to continue, albeit at a slower pace.
In 2019, global machine turnover is expected to grow by 2 percent in real terms.
Italy is currently predominantly perceived by economists as a risk topic. However, there is also positive news to report, as the increase in deliveries by German mechanical engineering companies to Italy shows.
Since the Brexit vote in June 2016, the British pound has lost about 11 percent against the euro. Through this, the price competitiveness had improved and the manufacturing site UK has been strengthened.
German machinery exports to Turkey are currently declining.
The German mechanical engeneering sector is a strong exporter, additionally many subsidiaries are loacted in the whole world. unfortunately, the activities to those subsidiaries are not reported to the national statistical bureaus. Therefore the department of Economic and Statistic Affairs started an own project.
This publication provides information on current developments in global mechanical engineering on a quarterly basis.
Transport and logistics drive growth
Economic slowdown in sight
Modest growth in the economy continues
Positive sentiment in industry
Ulla Nickol
Ulla Nickol
International Foreign Trade
069 6603-1370
069 6603-2370
Hermann Steib
Hermann Steib
External Trade Statistics, Statistical Classifications
069 6603-1372
069 6603-2372
Benedict Jeske
Benedict Jeske
Asia, Africa, Australia
069 6603-1389
069 6603-2389
Anke Uhlig
Anke Uhlig
Europe, International Economic Analysis and Forecast
069 6603-1388
069 6603-2388
Michael Werner
Michael Werner
Market Data on mechanical engineering in the Americas, Direct Investments
069 6603-1375
069 6603-2375