Orders rise for machine tools

Orders received by the German machine-tool industry in the first quarter of 2021 were 26% up on the same period last year. In summary, orders from Germany rose by 10%, while international orders were 35% higher than in the previous 12 months. Indeed, international orders are now 1% higher than the level recorded in the first quarter of 2019. “For several months now, the industry has been registering improving sentiment among customers, and this is now finally being reflected in the figures,” states Dr Wilfried Schäfer, executive director of the VDW (German Machine Tool Builders’ Association).

For further information www.vdw.de

Leave a Reply

Your email address will not be published. Required fields are marked *