Orders received by the German machine tool industry in the third quarter of 2021 were 69% up on the previous year’s figure. Orders from Germany rose by 67%, while foreign orders were 71% higher than in the previous year. Of particular note, orders received by German machine tool manufacturers increased by 61% in the first three quarters of the year.

“The levels of orders on hand are good, although supply bottlenecks and sharp rises in the price of raw materials and components are increasingly holding back business,” says Dr Wilfried Schäfer, executive director of the VDW (German Machine Tool Builders’ Association). “Orders are expected to continue rising in the coming months. They are being driven by catch-up effects that will continue for quite some time.”

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