Machine tool orders soar in Germany

In the third quarter of 2017, order bookings in the German machine tool industry rose by 13% compared with the previous year’s equivalent period. Domestic orders were up by 31% and exports by 5%, while in the first three quarters of 2017, total order bookings increased by 3%.

“The gratifying upturn in our orders is even more marked in the most recent figures,” says Dr Wilfried Schäfer, executive director of the VDW (German Machine Tool Builders’ Association). In September, orders in all three categories showed a double-figure rise, thus recording the steepest growth of the year to date. Domestic orders, in particular, witnessed a dramatic climb, soaring by 46%.
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